While America is suffering a continuing Great Recession, no real recovery in sight, economic problems are not just limited to us and the PIIGS nations of Europe (Portugal, Ireland, Italy, Greece & Spain) Here's two news stories showing the affects of recession on Great Britain:
IMF admits that the West is stuck in near depression - UK Telegraph
"If you strip away the political correctness, Chapter Three of the IMF's World Economic Outlook more or less condemns Southern Europe to death by slow suffocation and leaves little doubt that fiscal tightening will trap North Europe, Britain and America in slump for a long time."
UK Treasury chief Says Austerity Measures Will Help Economy- AP
" "Everyone can agree that we need a fairer economy built on higher, better balanced growth. But the spending and benefit cuts will do the opposite — pushing many people into poverty, hitting middle income Britain hard and threatening growth," said Brendan Barber, general secretary of the Trades Union Congress."