- Monday, 17 August 2009The UK could be out of the recession in a matter of weeks, following recent news that both France and Germany posted GDP growth in the last quarter.
However, despite the possibility of finally dodging the downturn, experts have warned that it is too early to celebrate, with unemployment expected to continue to rise.
While an increase in GDP is a positive step for the UK collective, sustained unemployment will spell bad news for a number of individuals and could see a rise in the quantity of
individual voluntary agreements (IVAs) sought.
Professor Iain Begg, from the European Institute at the London School of Economics, said: "We can get the champagne out the cellar but it might be a bit early to be taking the corks out."
According to Eurostat, France and Germany recorded second quarter GDP growths of 0.3 per cent.
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Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
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