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

Are all the incentives good enough?

Could this be a short, sharp recession? If the main problem was only the economy, it probably might be.

In 1992 the government ended of the last recession which saw a record number of people being repossessed, the government took measures and they are implementing those measures again today, but the government realise that there is a difference. The difference in the financial credit crunch is simply because the banks are concerned about lending to one another.

The impact that a recession has on the economy

What do we do in a recessions

Timing Why Now

Household Dept has been building up over the last 10 years it has now reached a level where consumers have a debt of approximately £1.4 trillion collectively, and people are being repossessed every day. 

It was announce today that U.K. house price had fallen by 0.4% in April.

There had been signs of the market starting to stabilise in certain areas, but research has revealed that the house prices are now starting to drop again. This is on top of the number of new mortgages being approved hit a low for the first time since January.

There are mixed opinions amongst property experts as to whether the market is going to fall even further this year. Looking into the history of the last recession, the U.K. was in a recession last time for about 7 years.