Will the UK economy really bounced back stronger?
Gordon Brown's suggestion that the UK economy will bounce back stronger than ever before has given some people hope in the UK but many are waiting for the proof behind the very upbeat forecast. The figures would suggest that the UK is currently weaker than it has been at any time in modern history and taxpayers and consumers are more concerned than ever before about the immediate outlook.
As we have also seen in the US, UK car manufacturers are struggling to make ends meet and this industry will be severely downsized over the next few months. We have also seen a substantial reduction in the number of people employed in the financial sector and well-known companies disappear from the high street. The Internet has come more and more to the fore as more and more UK consumers look for bargains online at prices which few off-line shops can compete with.
Then when you also throw in the fact that the UK taxpayer is set to be hit with substantial tax rises over the next two or three years, to make up for the recent rescue packages, it is difficult to see how the UK economy can come back stronger than ever before.
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