Recession in UK seems 'at an end'

[caveman_nige]

Confidence among business professionals has seen the biggest rise for two years, suggesting the UK recession is at an end, a survey has said.
The Institute of Chartered Accountants' index of business confidence rose to 4.8 at the end of June, from -28.2 at the end of March.
However, chief executive Michael Izza warned against "underestimating" the challenges ahead for businesses.
The institute predicts the UK economy will grow by 0.5% in the third quarter.
Its forecast comes after the economy shrank by 0.8% in the second quarter of the year.
More than 1,000 chartered accountants were surveyed across England and Wales.
"This quarter's Business Confidence Monitor suggests that the UK recession is at an end," said Mr Izza.
"While there is no doubt that the UK economy is on its way to recovery, we shouldn't underestimate the challenges ahead for businesses."
About 41% of senior professionals were more confident about their business prospects in the next year, but only 6% were much more confident, indicating that some caution remains.
IT was the most optimistic sector, followed by banking, finance and insurance. The institute said the banking sector in particular had shown "a remarkable upturn given the turmoil of the last two years".
The least confident professions were health and education, as fears of cuts in the public sector grow.





Source:

http://news.bbc.co.uk/1/hi/technology/default.stm

[aqua_life]

finaly we have good news... When I finish my studies I would like to work in UK

[tommy t spanner]

, more properganda from the government's broadcaster,no chance, we will still be in a recession for years to come, i personally don't belive your bbc news, and i don't help fund it either abolish the tv tax, if that meens no more bbc,good

[DJLJ]

Bankers and business professionals can now see an end to the recession? These are the same people that could not see they were heading into one in the first place? I wouldn't trust any of them. If they say a, most likely the real answer is 2.

[davieboy.rfc]

i dont think the recessions over not by a long shot.

[badapple]

The recession is not over and it wont be for a while yet.

I own a taxi business and have seen my work almost half in the last 6 months or so. The costs of running such a business have gone up and up while less and less people are using such a service.
Almost all the people i service are complaining of lower income and higher outgoings. Also consider the rise in price of the utility bills, VAT will also soon be going up and the rise in petrol price last week and yet our income remain the same!

The people who are say the recession is over, do not live in the real world. They only look at charts and diagrams sitting in their air conditioned offices.

The road where my office is used to have 22 businesses, 7 have so far shut down and another 3 will close end of this month and another 5 are at their wits end.

So dont tell me the recession is "at an end" because its not and wont be for a long time yet!