Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK government and Bank of England see upturn in UK economy

The UK government and the Bank of England have today issued a statement confirming that the UK economy is in fact in a recovery phase but vitally they have both agreed that the ongoing stimulus package needs to remain for the foreseeable future. This is something of a bitter blow to analysts who believed that the UK economy was over the worst and in fact well positioned to withstand a withdrawal of the quantitative easing program.

This particular strategy is a reflection of Mervyn King's recent comments when he warned of overconfidence with regards to a recovery in the UK economy and in particular suggested that 2010 may be a difficult year for the UK economy and UK investment markets. All eyes are on the UK property market which after showing signs of recovery has stagnated somewhat in many areas of the country despite the fact that London property prices are back to pre-credit crunch levels.

The UK government and the Bank of England are in a very difficult position because if they withdraw the stimulus package too early there's a chance the UK economy will slip back into recession and if they maintain it for too long they will increase the cost of this very expensive strategy.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details