The BBC reports today that the start of recession in the UK has now been pronounced:
The UK economy has “deteriorated dramatically” in the past three months, and is already in a recession, top forecasters have suggested.
The Ernst & Young Item Club says the UK [economy] will shrink by 1% next year, before recovering in 2010 and growing by 1%.
The Item Club’s chief economist, Peter Spencer, told the BBC: “Recession is already baked in the cake.”Read more here.
Follow @libdemvoice.org on Bluesky
Like us on Facebook
Subscribe to our feed
Sign-up for our daily email digest
A Liberal Vision for Britain’s Overseas Territories (Cody Butler)
What can republican political thought teach the Liberal Democrats? (Daniel Duggan)
Mathew on Monday: Prime Minister, it’s time to restore our freedom to move across Europe (Mathew Hulbert)
London’s football pitch crisis is freezing out disabled children. We must stop treating inclusion as a charity luxury (Jean-François Burford)
Is kindness what we stand for? (Josh Matthews)
A night at the AGM
Joe Jackson: Breaking Us in Two
The Joy of Six 1598
Reform's overseas donors exposed
Myth and mystery on the Stiperstones ridge
Perhaps the most pointless question PMs are asked (LDN#215)
Wes Streeting is a twerp
David Chadwick set to become next leader of Welsh Lib Dems
David Hemmings film of David Bowie concert tour to be seen at last
How slowness at the Treasury cost taxpayers millions
Roland 
David Warren 
John Kelly 
Tristan Ward Tristan Ward 
One Comment
I took my car in for servicing today at our local Skoda dealer. It is normally a challenge to squeeze the car onto their car park – today it was 2/3 empty. Their sales side has collapsed in recent weeks. One of the staff was telling me about another local dealership which was trading as normal last Monday morning – by Wednesday afternoon the site had been cleared !!
Oh, and the very long-established pub across the road closed [without notice] this morning.
Over in the real economy things are very, very grim – and there’s a huge resentment growing over the banks being singled out for bail-out.