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Are conditions right for a UK economic revival?

Despite the fact that more and more economists believe that the UK economy is on the verge of recovery, are conditions right for a strong recovery in the UK economy?

In simple terms when you look at record UK government borrowing, subdued mortgage lending, high unemployment, inflation springing back to life and record low interest rates having little impact upon the economy, it is difficult to see how this could be in any way described as perfect conditions. The truth is that there are signs of partial recovery in certain areas of the UK economy, with the property sector more prominent than most, but underlying demand and confidence in the UK economy is still very fragile to say the least.

The UK government will be looking to place as much gloss as possible on the potential economic revival as we approach the election and it will be up to voters to decide what they believe and what they really feel about the prospects for the UK in the short to medium term. Has Gordon Brown done enough to support and rejuvenate the economy or is it time for change with the relatively new kid on the block, David Cameron?

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