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UK recession 'will last longest'
JP45
Posts: 335 Forumite
The IMF warned the UK will be the only member of the G7 group of leading industrial countries that will continue to see its economy contract in 2010.
http://news.bbc.co.uk/1/hi/business/7949978.stm
Not great news but I guess not surprising either given:
The extent of the UK property boom and subsequent bust
The level of UK personal debt
Our relative reliance on the financial sector for generating wealth and taxes
http://news.bbc.co.uk/1/hi/business/7949978.stm
Not great news but I guess not surprising either given:
The extent of the UK property boom and subsequent bust
The level of UK personal debt
Our relative reliance on the financial sector for generating wealth and taxes
0
Comments
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So what is Japans excuse for a proposed -5% in 2009
or Germany -3.2% for 2009 (previous estimate 2% Jan). 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
The IMF warned the UK will be the only member of the G7 group of leading industrial countries that will continue to see its economy contract in 2010.
http://news.bbc.co.uk/1/hi/business/7949978.stm
Not great news but I guess not surprising either given:
The extent of the UK property boom and subsequent bust
The level of UK personal debt
Our relative reliance on the financial sector for generating wealth and taxes
This is now the 3rd thread on this subject0
This discussion has been closed.
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