Monday 31 August 2009

UK will grow sicker until it swallows the bitter pill of economic reality

Telegraph
"Millions of ordinary Britons are worried sick about debt and falling incomes. Unemployment and house repossessions are soaring – glib statistics which mask a welter of human misery. Countless UK firms are struggling with cash flow as they try to balance the books. And we're all sick of the grim economic news. No wonder the UK's "imminent recovery" is getting a lot of coverage. Last week, I returned from holidays abroad to find our media banging the "recession is over" drum. In truth, though, the UK remains in economic dire straits"

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