The Steep Decline of the British Economy

As the global economic crisis takes hold, hardly any other country has seen its fortunes wane as brutally as the United Kingdom. Once a model economy, the country has been overcome by a deep sense of uncertainty. It is a gloomy February in Great Britain, yet another month in which the economy is shrinking and the pound is faltering, and yet another month of record growth in unemployment. It is a month that has seen Ed Balls, the Secretary of State for Children, Schools and Families, refer to...Full Story
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