So what appears to have turned the UK economy?
The last few weeks have seen some surprising reports suggesting that the UK recession may be nearing an end, but what actually prompted these reports and what has changed?
There has been a mixture of more positive reports from the property sector, business arena, the CBI, the Bank of England and mortgage providers to name but a few. While not overly optimistic, the general trend in the reports seems to one of confirming the UK recession is over (or at worst nearing an end) and the potential for a recovery next year. While the main factor in these reports is the return of confidence from investors and consumers alike, there is no doubt that the significant liquidity injected into the markets by the government is starting to pay dividends.
Whether the return on investment from the hundreds of billions of pounds spent by the UK authorities is justified by the economic figures emerging remains to be seen but this unexpected recovery does pose an interesting question for next year. If Gordon Brown could nurture a recovery in 2010, just prior to the next general election, there is every chance he could give the Conservative party a serious challenge at the polls.
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