UK out of recession no thanks to the banks

Finally there is some good news. Well sort of. I guess 0.1 of 1 percent growth is better than nothing. With the amount of money that the government printed to get the banks lending again it has finally come through to the wider economy. But I would suggest that the UK has a more that 90% chance of re-entering recession.

Working in the IT sector there is a distinct lack of jobs similar to the .com bust. I think there are harder times to follow. House prices are being artificially lofted higher by the governments support of the housing market. Lets see when David Cameron comes in to office, I somehow doubt he will be so willing to waste money supporting the housing market.

With the huge public spending cuts predicted after the general election I will be amazed to see any one having a job in the Civil Service. Its going to be a blood bath. If the fat bankers thought they had it bad, then the civil servants are going to be crying all the way to the bank. Or not as the case may be.

The Torys are well known for their cutting back programme. Lets see the carnage, I think its time to get out and migrate to India :)