UK Economy Contracts

The UK economy has suffered a contraction of 0.5% in the last quarter or 2010. The Treasury has said that the winter weather may have contributed to the majority of that figure.


I'm afraid that this is only going to spook the public into reduced spending. And spending this month hasn't been great from the public. This is all starting to have an impact as I've found out this morning that one of our competitors has had to lay off some fitters. 


The beginning of 2011 hasn't had the rip-roaring start many were hoping for. This year could well be a much tougher one, just as the experts and Government has said it would be.