Recession will Leave UK economy scarred
The recession is now of a scale that dwarfs the early 1990s and could leave Britain's economy permaneantly scarred as dynamic private companies abandon the UK, a leading business lobby has warned.
It is fast emerging that December was one of the worst months ever recorded for the British economy, with the British Retail Consortium reporting an unprecedented fall in retail sales, while business output and housing market activity dipped to new troughs.
Source: Daily Telegraph January 2009