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What next for the UK after confirmation of recession?

For many months analyst have been waiting for today when the UK is officially confirmed as being in a recession (technically confirmed after a reduction in the economy for two consecutive quarters) but the speed of the fall has frightened many. There are serious concerns that the UK economy is effectively in "freefall" and the various government rescue packages and economic stimulus programs are not working. So what next for the UK economy?

It would appear that 2009 could actually be a worse year than 2008 as the UK manufacturing base, retail sector and money markets continue to toil. The UK population appear to becoming more and more concerned about the situation which could lead to further reductions in consumer spending which in turn would pile more pressure on the UK economy. Despite Gordon Brown attempting to defend his policies by claiming that public debt is relatively low, inflation is under control and wages inflation is comfortable he seems to be forgetting that the UK is headed for a national debt figure of £1 trillion with some analysts suggesting this figure could double or treble by the time the recession ends.

The current economic situation is unique to say the least and nobody is quite sure how and when the green shoots of recovery will be nurtured and appear in full bloom.

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