There was a rather bearish report on the FT Alphaville blog today entitled Why the British economy is in very deep trouble, which says that the country is basically stuffed.
The short version is that nearly 60% of economic output is dependent on debt, and this is being paid down. So there's virtually no chance of serious growth in the foreseeable.
If you want the full story then the original Tullet Prebon Strategy Note is up on the web. It's very bearish in an academic / economics way, rather than the Doom and Gloom buy gold, farmland and baked beans style.
The short version is that nearly 60% of economic output is dependent on debt, and this is being paid down. So there's virtually no chance of serious growth in the foreseeable.
If you want the full story then the original Tullet Prebon Strategy Note is up on the web. It's very bearish in an academic / economics way, rather than the Doom and Gloom buy gold, farmland and baked beans style.