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U.K. economy in danger of dropping out of the world's top 10

The UK economy is on the verge of dropping out of the world's top 10 due to a mixture of reduced natural resources and the emergence of economies such as Brazil and Russia. The UK economy was the fourth largest in 2005 and has since been overtaken by China, France and Italy and is currently hanging on to seventh place. However, it looks as though the UK could fall down as far as 11th place by 2015 if current economic and population trends continue.

While the ongoing problems with regards to the UK economy are obviously impacting upon the strength of the underlying economic outlook, it is more the reduction in natural resources which is causing most pressure as well as the emergence of other strong economies around the world. This will be a bitter blow for the UK government which has been battling to revitalise the UK economy over the last 12 months against a backdrop of both the credit crunch and a weak economic outlook.

The Centre for Economics and Business Research, the creator of the report, is a well respected economic unit and unfortunately the arguments used against the UK economy do seem to stack up.

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