United Kingdom FINALLY leaves recession

[-:Undertaker:-]

http://news.bbc.co.uk/1/hi/business/8479639.stm
http://www.dailymail.co.uk/news/arti...comes-end.html

The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009. The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955. There have been recent recovery signs - last week, UK unemployment fell for the first time in 18 months

The UK's had been the last major economy still in recession. Europe's two biggest economies - Germany and France - came out of recession last summer. Japan and the US also emerged from recession last year. The weak level of growth took its toll on the value of the pound, which fell against both the dollar and the euro on the money markets.

The worst is yet to come, the debt Labour has racked up is mind-boggling, the United Kingdom and United States are going to have a lot of trouble with the debt for years to come, the way we are going now is not sustainable or affordable. Look to the East and in China their provinces have billions and billions leftover and they don't actually know how to spend it.

[Ardemax]

The after-shock won't be over for years yet, maybe even 10 years.

Y'know, job unemployment and debt etc.

But let's hope with the next general election someone pledges to do something about it. (Or not, as the case may be).

[Wig44.]

The reason the west is in debt is because of a central bank system. The bank prints money, lends it to the government at interest, which has to be paid off with more money. This money is also leant at interest. That interest has to be paid off too, with what? You guessed - more money leant at interest. It's a self-perpetuating cycle that can only cause one thing: debt.

[dbgtz]

We need a new government. This sounds stupid but I actually think I could have stopped government spending a long time ago.

Oh well, I'm fortunate my family wasn't affected. Well my dad got made redundant and then got a job 2 weeks later. Basically it was just 50k for him and a 2 week break LOL.

[HotelUser]

Those Americans better not break the world's economy again :@