According to a BBC Article,
top forecasters have suggested that “The UK economy has “deteriorated
dramatically” in the last three months, and is already in a recession“, of course we can look back to the 7th October where again a BBC article has quotes from a business group that “Britain is already in a recession”, well these guys have some guts to be announce their theories on this matter, in my opinion is that we need to see where this bailout may lead us, negative commentary was however made about the matter by the BBC’s Business editor Robert Peston:
“What Gordon Brown and central banks have done today should stave
off economic Armageddon – but it’s probably too late to save us from
months, or even years, of sluggish growth.”
The thing that concerns me about this economic slowdown is how people such as Alex Salmond of the SNP appear to be making unnecessary statements
on Gordon Brown’s attitude calling him a “sub-prime minister” with
respects to his financial policy, of course news was also announced
that Salmond of the SNP was trying to halt to the Lloyds TSB Takeover
of HBOS.
Mr Brown published a written article for the Telegraph which
in essence he proposes our economy will come through the downturn
stronger not weaker, the comment section of this article is
particularly worth reading.
When is it however that we look at this as a recession, I ask many
of my business tutors about this matter and they simply don’t believe
we are there yet, at what point does it spread from being one countries
recession to a worldwide recession? Indeed many question whether Brown
can rebuild Britain’s economy correctly, or simply lumber the country with more debt.
I am truly not an expert on this matter, but I am very interested to
learn a lot more about this issue Labour has been creating it seems for
some time now, please leave your thoughts on the matter.
