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Why is the UK economy so complicated?

It seems each day we see a different report and a different opinion on the UK economy as a whole and the various subsectors of the business arena. Even though headline figures may be indicating a potential recovery in the overall UK economy it seems that many areas underneath the surface are still struggling and will struggle for some time to come. Why is the UK economy so complicated?

When you consider that sectors such as the financial industry literally dictate the direction of the UK economy, they have taken the vast majority of UK government investment because ultimately there is a need for liquidity in the short, medium and longer term. However, even though the manufacturing industry has shown some signs of recovery and the property market is giving mixed signals, today we saw a report on UK holiday resorts which shows that unemployment has doubled over the last 12 months.

The truth is there are many different local economies, local business sectors and regional businesses which were impacted at different times and to different degrees when the economy fell. There is no way that all local economies, local businesses and local property markets will recover in tandem so while we will likely see a recovery in the south of England in due course, it could take months or years to travel north up to the Highlands and Islands of Scotland.

The UK economy certainly is a very complicated beast!

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