Monday, October 26, 2009
Britain Isn't Looking Too Good
It was hoped that Britain would be getting out of this recession by the middle of the year, but it has ultimately become clear that this is not going to be the case. The British economy still appears to be falling. Everything from the UK's manufacturing sector to its services sector seems to be in peril. This is in despite of all of the incentives that Britain has attempted to put in place to stimulate its economy. Seemingly these incentives were of little use. It appears that Britain's economy is in such bad shape that even Italy has overtaken it. Britain has lived beyond its means for quite some time and may now suffer for it.