John Major: "Maybe Great Britain is in recession"
The ex-prime miniter of Great Britain - John Major mixed his liking to the prime minister Gordon Brown with the affraids from comming recession in Great Britain. The main reason about this was the present inflation in the country between 8% and 10%, nearly 2 times more than official data. All information was announced by the british newspaper Guargian, where was published an interview with John Major about Biritish economy and the crysis in the world countries.
According to one of the mosk known definitions, the recession comes, when the real economy development is negative for a period longer the 2 quarters of the year. During his rule the previous prime miniter get interest levels of 14% and inflation of 9.5% from Margaret Thatcher in 1990. Then the support of users in the British economy felt to the lowest level and in London there were revolts, which leaded to retirement of the premier minister Margaret Thatcher and just after that the place was taken by John Major. The basic reason for todays distrust of the citizens in the government is hidden in the continuous drop of the price of real estates in the country, signed Bloomberg Agency.
Labels: Financial News
posted by Zoritza Petrova @ 2:41 AM
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