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Has the UK recession come to an end?

The revelation that the UK economy is estimated to have increased by 0.2% in the three months to August 2009 was something of a surprise for many people. The indication that the recession may well have ended in May also took many people by surprise although while these figures, from the National Institute of Economic and Social Research, use official government data they are not the official statistics released on behalf of the UK government.

One area of the UK economy which has shown significant growth over the last few months is the car industry with a 10% increase in car production due in the main to the UK government's car scrappage scheme. Again, while this particular investment in the economy has paid significant dividends for many companies in the sector there is a feeling that car sales will fall back as and when the car scrappage scheme ends.

We need to see some definitive backbone from the UK economy because ultimately we may see a relapse in the short to medium term as and when a number of support plans are withdrawn. The UK government is not able to continue the current enormous investment into the UK economy because of its own financial constraints.

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