UK economy vs the election
The UK economy is reported to be improving at a gradual rate but is still in a fragile state. The economy's recovery now stands in the hands of the general election, which is set to take place in less than a month. There are many factors that will contribute to this election being one of the most vital in recent history.
It is impossible to open a newspaper or turn on the television this week without some sort of electoral discussion or debate taking place. With so many parties pledging different actions and policies to help boost the UK is almost impossible to predict what will happen come the end of May.
Current prediction place the UK's recovery at 3.1% this year, which is a larger growth than many other G7 countries. While these predictions may be accurate at this time they will largely depend on who wins the election and what action is taken by the winning party to combat the crisis.
The great Winston Churchill once said: "A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn't happen." One thing that is for certain is that whichever party is elected they will need to do a lot of work if they want to improve the cracked economy. By this time next year they can stand by that quote we may be talking about the great recession of 2008-10 as a past memory.
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April 12th 2010
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