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Economy Discussion of the UK economy and economic news.

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Old 01-04-2010, 09:15 AM
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Post Brits downbeat about economic future

The majority of UK consumers believe the recession will continue for most of 2010, a new study has discovered.Research by Gocompare.com found 52% of Brits think the UK economy will remain in recession for most of the year ahead.A further 29% said the recession will continue until at least 2011.Just 19% expect the economy to [...]

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Old 01-07-2010, 11:00 AM
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Default Re: Brits downbeat about economic future

I must admit, I'm one of the few who's upbeat about 2010. I think the recovery will come, albeit at a snail's pace, and we'll all be sitting in a slightly more secure position come New Year's 2011
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Old 01-07-2010, 01:37 PM
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Default Re: Brits downbeat about economic future

I agree with th 52% and I also that when it does happen, it's going to happen at a very slow place.
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Old 01-08-2010, 06:42 AM
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Default Re: Brits downbeat about economic future

But what about all the reports that say the UK is already emerging out of recession? I reckon that the actual economy may come out of the downturn before the labour market does... there's no doubt that jobs will only return to growth by the middle of the year at the earliest... and then again, that all depends on the outcome of the election. If public spending is cut, we might suddently see a spike in unemployment.

I think they call it a "Spending tight, jobs light" recovery?
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Old 01-08-2010, 11:45 AM
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Default Re: Brits downbeat about economic future

Its crazy!

I think things will get a little worse jobs wise before they improve for sure! I mean even on the news the other day they were talking about 200 people in Wales that had just lost jobs due to a plant closure! Its not as it we are getting any closure is ti really?

I suppose lets see how things look more towards the end of 2010 - then we will have a better idea of things and where we stand etc.... What do you guys think?
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Old 01-09-2010, 04:40 PM
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Default Re: Brits downbeat about economic future

IMO the only things bringing the UK out of recession are cash for cars and other government stimulus - but public spending alone cannot bring the economy out of recession, and cannot be sustained - I'm preparing for the double dip to hit badly in 2010.
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Old 01-11-2010, 10:35 AM
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Default Re: Brits downbeat about economic future

Quote:
Originally Posted by brian View Post
I'm preparing for the double dip to hit badly in 2010.
How badly do you think it will hit... do you think we'll go back to square one and take another year and a half to get where we are today?? Scary thought!
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Old 01-11-2010, 11:47 AM
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Default Re: Brits downbeat about economic future

Britain has experienced a longer recession than most other European countries because the recession was fuelled by a banking crisis and most of the UK's economic growth came from the finance industry and the housing market. We are now "technically" out of recession but this is different to the "real" recession that people experience.

The job market always lags behind an economic recovery and will only be stimulated by growth and until that happens consumer confidence will remain shaky.

As for the double dip, it is hard to predict either way but you might want to have a look at this blog
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Old 01-13-2010, 10:06 AM
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Default Re: Brits downbeat about economic future

Its a horrible thought isn't it?

That things could get worse than they are now? Problem is that it is the reality of it all and more than likely to happen! I mean look at things around you, and people around you, how are they affected, are things getting better for them?
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