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In case you missed it we have had a recession in the UK in 2008-2009 , but the good news is that this month Jan 2010 it is over.

That's all right then isn't it. Or, does it just mean that things have got so bad that now they are not getting any much worse, that this means an improvement on the worse times without being anywhere near the good times.  

I am still recovering from the 1980s recession myself so I don't think they should celebrate success just yet.
Growth was apparently +0.1% +/- around 0.1% so it could be +0.2% or stagnant.

Government stimuli plus B of E quantative easing was substantially more than this, and so was inflation, so the economy is really in depression.

As someone on BBC News Online wrote we are now governed by the Tellytubbies:

Tinky Winky, Dipsy, La La and Po - which accurately defines the 'stages of a crash'

We had the Tinky Winky phase where a tip and a wink would get you as much credit as you liked from any bank.

We have the Dipsy stage where the Economy dipped and the bankers and politicans went Dipsy.

We're in the 'La La' phase - where people are living in cloud cuckoo land - desperate to see recovery - even the markets are starting to disagree (See the OIS rate spread)

...and finally we will be in the Po stage - and yes, you probably read it right first time.
Quite.

This month's guess is based on 40% of the factors that they take into account, because the others aren't ready yet.

In two months time there will be another guess, based on 90% of the factors that they take into account.

It will be a year or so before National Statistics are able to say whether or not the UK really did emerge from recession in Quarter 4 of 2009.

The figures so far seem to be at variance with wot the big retailers like John Lewis Partnership have been saying about their trading for Q4 2009, especially in the run-up to Xmas.

The recession has not affected Me and my Sister Claire because Creature has still got his job and he still has Spare Money after he has paid for our essentials.   But his pay increase in 2010/11 is likely to be ZERO and we wait to see if he will become a more permanent Favourite Cushion at the end of July 2011 - Mr Cameron might have time to change the rules of his pension scheme about when he can Retire.

Wergh!
Well I'll go with the Tellitubbie definition rather than a 'guess based on 40% of the factors' :)

I suspect that for most it will be a somewhat stable position lower than they were in before.



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