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Who says UK recession is over, ask bankers

Data from a leading UK think-tank suggests that the bitter recession that has been crippling Britain has ended, but prominent bankers and people from the world of finance here seem to be taking it with a pinch of salt.

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Data from a leading UK think-tank suggests that the bitter recession that has been crippling Britain has ended, but prominent bankers and people from the world of finance here seem to be taking it with a pinch of salt.

According to the National Institute for Economic and Social Research with output in the UK growing 0.1 per cent in May and 0.2 per cent in April, Martin Weale, its director, said that these figures suggest the country is "through the worst".

No End In Sight: Bankers disagree with a report, which says recession has ended in Britain.

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