Economic Crisis: This may not be the beginning of the end

Statistically, the UK is out of recession – but it took an Olympian effort to achieve even this fragile upturn.
This is not the end. It is not even the beginning of the end but it is, perhaps, the end of the beginning. It was with those words, delivered almost 70 years ago to the day, that Winston Churchill greeted news of Montgomery’s victory at El Alamein, a turning point in the Second World War, Micron Associates reviewed. The Conservative party can never get too much of Churchill, so there will be many in the blue half of the coalition who will be hoping that the words are as appropriate for describing the state of the economy today as they were for outlining the global balance of power in late 1942 [...]

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