Possible length of the recession!
 

It is an impossible answer, even for the best economist, it is like asking, how long is a piece of string?

The economists are currently planning a variety of possible outcomes. The good thing is they all confirm that the recessions will end, because every recession has always ended, but unfortunately it has a lot of casualties to go with that i.e. people being repossessed

What else do the policy holders have up their sleeve?

What are the authorities doing?

The Bank of England & the Chancellor Alistair Darling, believe and base their principles on people spending money (i.e. expenditure) someone else receiving money (i.e. income). With the consumers failing to do so, this has left a gap which needs to be filled in the private sector, because this will only produce more fear and have a negative effect on the economy, and there will be more redundancies and more people being repossessed.

The impact that a recession has on the economy

The U.K. slow down i.e. people have reduced spending, produces a slow down in production and this produces cut backs. So many industries are feeling the squeeze, retail, building and development, importing & exporting, travel, car trade, etc, etc,… this climate is very uncomfortable for most businesses to consider investing or expanding.

What do we do in a recessions

Unfortunately the commercial and freehold sector is one of the early casualties in a recession, which in turn has a hard impact on redundancies and property owners facing repossession. Companies are going into liquidation such as Woolworths, which I am sure shocked, us all, but unfortunately there are many companies large and small struggling to balance their balance sheet, and have no option but to either cut back, make redundancies or close.