Remember last year when the new, conservative, British leaders were cutting budgets to turn their economy around? Well, the jury's still out but so far it doesn't look like it's working so well.
Take a look at these charts of GDP growth rates and find the dates of the US Stimulus package (February 17, 2009) and the UK budget cuts (middle of 2010).
charts from http://www.tradingeconomics.com/
Of course this doesn't mean the UK budget cuts won't work out eventually but right now it doesn't look so good.
tnb
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