I really can`t see the economy going anywhere for quite some time. As these figures show (granted it`s just one quarter) the prospect of a prolonged recovery is very far from guaranteed.
Several friends of mine have recently been made redundant (or have been told the factory is shutting in 6 months). Others say that they have contracts for now but when the`re done unless something comes in their goosed.
One of the factory`s employed ~3 to 5 hundred people and apparently another similar size place has just been closed. Couple that with the services that relied on these places and that`s a whole heap of people out of work.
Lot`s of people are sitting on their hands because they don`t know what`s around the corner, the sale of companies to foreign investors (the American 5 year plan) is not helping as obviously they shut down a UK plant and move it somewhere cheaper when times get rocky.
The economy is like the weather at the moment, cold, wet and not very nice!
