Recession now imminent

The UK economy is now certain to fall into recession according to Chancellor Alistair Darling. The majority of people have expected the UK economy to fall into recession so the news by the government does not really come as a big surprise. However, he did say that he believed that growth was expected in the second half of the year in 2009.
He suggested that the economical situation was difficult but suggested that the reduction in interest rates would help improve things. However, there have been questions over these plans that have been implemented from other countries. There is great uncertainty as to what the economy holds but as bigger organisations struggle people are becoming ever more cautious about spending.