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Is Gordon Brown starting to panic about the recession?

Tonight there are new claims that Gordon Brown is starting to show signs of panic after the announcement that the UK is officially in recession. The opposition parties appear to have sensed a draining of confidence from the UK Treasury and the Prime Minister after literally billions and billions of pounds appear to have been wasted on a number of rescue packages. The situation with the UK economy has taken a serious downward lurch over the last few days amid signs that the government is running out of ideas.

Quantitative easing has been suggested as the final throw of the dice, however many experts and opposition MPs fear this could literally push the UK to the verge of bankruptcy. While quantitative easing has certain attractions for the current situation there would appear to be more risk on the downside if it goes wrong. The International Monetary Fund has assisted the UK in the past and while we are not anywhere near that stage, at this moment in time, it is a name which appears to be cropping up more and more.

With a UK election now less than 18 months away Gordon Brown is literally grabbing at straws in an attempt to refloat the UK economy and his Labour government.

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