"In a severe blow to Gordon Brown’s hopes for an economic revival to take hold by Christmas, the IMF will predict that the UK economy will shrink in 2010 by a further 0.2 per cent.
It now expects that to come on the heels of a brutal 3.8 per cent contraction this year that would be the sharpest since 1944 — and much worse than the 2.8 per cent that the fund forecast only in January.
The new, even harsher forecast comes ahead of official unemployment figures today that are set to show that numbers out of work soared above 2 million during January."
The Times
If the Government won’t even entertain the idea that we’re going to be worse off than other countries – as the IMF predicts – how can it hope to put in place measures that'll help us through?
It now expects that to come on the heels of a brutal 3.8 per cent contraction this year that would be the sharpest since 1944 — and much worse than the 2.8 per cent that the fund forecast only in January.
The new, even harsher forecast comes ahead of official unemployment figures today that are set to show that numbers out of work soared above 2 million during January."
The Times
If the Government won’t even entertain the idea that we’re going to be worse off than other countries – as the IMF predicts – how can it hope to put in place measures that'll help us through?
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