UK Recession Getting Deeper And you think we’re on our way out. Just when one thinks that the economy has hit rock bottom news have filtered out that in fact we are sinking deeper. According to the latest figures, the economy has contracted by about 1.8 %, which is slightly higher than the 1.7% of the figure ending January. The National Institute of Economic and Social Research(NIESR) said today that things have not been improving and if the new figures are any indication, ... Read More

Expect the worst in 2009. This should be taken seriously in order to brace for  the British recession in the coming year. Corporate Britain is forecast to experience a worsening external deficit and a sudden decrease in the spending power of consumers. According to the British Chamber of Commerce through their quarterly economic forecast, the upcoming year can witness a worse economy. The recession can still be avoided though but the noticeable drop in economic growth has given serious pressure to British businesses. ... Read More