UK road to recovery will be 'long and hard'

The Times
"“The economic recovery is expected to be subdued and gradual as banks and households go through a difficult balance sheet restructuring process,” the IMF concluded in its report this afternoon. ....However, the IMF raises question marks over prospects for Britain to enjoy an economic revival and points to a series of fragilities facing the country.
In particular, it notes that the banking system remains “under stress” and entered the crisis with a large overhang of debt and leverage."