All roundabouts and no swings………………
It appears that the UK economy is going around in circles. Remember Woolworths demise and now we have Clintons/Birthdays. There was a private sector led recession in 2009 and now a public sector led one in 2012 – the predicted double dip. Banks with problems still abound, low growth and record low interest rates for 3 years. It’s the roundabout that keeps on turning…………and no upward swing in sight.
The Eurozone crisis continues to ebb and flow as each deficit troubled country provides no clear signal of how it will recover, and this has been a factor in the stagnation of the UK economy.
To quote from the film Shakespeare in Love, “So what do we do? Nothing. Strangely enough, it all turns out well. How? I don’t know. It’s a mystery”. The real question however is when will it turn out well.…………?