Economic recovery' is not all it's made out to be
The UK economy is bigger, but it has taken a record time to recover.
Last week, the UK said goodbye to the crash as its economy officially grew bigger than the pre-crisis peak. Prime Minister David Cameron hailed a “major milestone”.
It’s undoubtedly good news. But how good? Poke the figures and a less rosy picture emerges. In absolute terms, the economy is bigger, but it has taken a record time to recover. Not since the South Sea Bubble more than 300 years ago has the British...
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