Middle class families face a triple whammy
Falling pensions, cuts and the banking crisis will impoverish many families, says Edmund Conway.
By Edmund Conway

You don't usually expect radical neo-Marxism from the International Monetary Fund - the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches ( Read more... )

CNBC
UK Raises Tax, Slashes Spending and Taxes Banks
( Read more... )

Daily Mail
FSA sets out its nightmare double-dip slump scenario

Banks must be prepared for a double-dip recession and record unemployment, the country's financial watchdog has warned, in a sign that Britain may not yet be past the worst of the financial crisis.

The Financial Services Authority revised its worst-case parameters for the stress-testing ( Read more... )

In the final month of the first quarter of 2010, the data out of Germany continues to show strong indications of flat to negative growth for the entire quarter as a whole. After a flat Q4, this would essentially be a double dip recession in the German economy, recognized as such by the German government, or not, if verified ( Read more... )

CNBC:
Double-Dip Recession Fears Creep Back Into the Market
( Read more... )

I've said it before, and I'll say it again. Technically, the recession is over. Technically. But the REAL economy, having never really recovered after the 2001 recession, only to then be thrown into its worst recession since the 1930s, can only fairly be characterized to be in a "moderated depression."

We stopped it from becoming "Great," but this ( Read more... )

The UK is Clearly Trending With Rest of Europe, and Flirting With  Renewed Recession

BBC News: 
UK Retail Sales Suffer Sharp Fall on Snowy Weather

Poor winter weather drove UK retail sales down by 1.8% between December and January, the sharpest drop in 18 months, official figures have shown.

The fall was more than three times faster than analysts had ( Read more... )

The SUN.UK
Britain out of recession by narrowest of margin

BRITAIN has finally escaped from the deepest recession on record - but only by the smallest possible margin.

Official figures revealed yesterday that GDP - economic output - rose by 0.1 per cent between October and December. It was the first increase since March 2008. But the tiny rise ( Read more... )

H/T: Calculated Risk 

Times Online:
Britain's recession the steepest for 88 years

Britain's economy fell last year at the sharpest rate since 1921, despite hopes that it finally emerged from recession in the last three months of the year, according to a respected economics forecaster.

The National Institute of Economic and Social Research (NIESR) ( Read more... )

Mail Online:
Recession 'is even worse than feared':
Chancellor predicts steepest slump everThe recession is proving even deeper than feared, Alistair Darling will admit in next month's Pre-Budget report ( Read more... )