Got to agree with a lot of what has been said. Unfortunately this time its worse than a recession & not restricted to just us. We wont see an upturn until the American economy starts to recover, but we will see better times before a lot of Europe.
Greed in the banks, over valuing properties etc., means they will now be the owners of houses that are not worth a fraction of the money they lent against them. Unfortunately this means political involvement in the financial arena which, as in other areas, is never good as they make decisions that show them in a good light instead of what really should be done. The biggest worry is all the borrowing & what effect it will have in the future when we have to pay it back.
We need another Maggie, as she didn't give a toss about doing the popular thing, but as usual with politicians, she lost her way eventually.