British Economic Recovery? What British Recovery?

Like many governments and politicians, the British politicians are scrambling to to cover their rear-ends after their rosy forecasts are starting to look like a bunch of conjured up brews rather than accurate date which can be counted on.

This is why we are increasingly hearing things like the economic recovery is now at risk, and forecasts are lower than projected, or the usual term "unexpected" used when talking about negative data released which contradicts the official government line.

We also continue to hear the "recovery" may be "U" shaped, "v" shaped, or "w" shaped. In other words, there has really never been a recovery, and we have yet to enter into any sustainable or meaningful economic changes; whether it's in Britain, Europe or the U.S.

So why is this obvious discrepancy emerging? Governments and politicians have been incurring growing anger over bailing out the large businesses and the stimulus plans which could devastate the value of the particular currency used by the countries.

What the politicians were hoping for was the recovery would actually begin to happen and the steps they took would be used as political capital for the future of their careers.

Now that this hasn't happened, the exact opposite reaction to politicians is coming about, and British politicians are struggling to explain why they did what they did with little effect other than to further weaken the pound and create a larger national debt and budget deficits.

What is happening now in Britain, as well as other Western countries, is data continues to be revised downward, and complex explanations are proffered as to why that's happening, with a lot of politician-speak accompanying it.

Anyway, in Britain, the economic growth has again been revised downward, according to the British Chambers of Commerce (BCC), dropping from 2.3 percent growth to 2.1 percent growth for 2011. Growth in 2010 continues to be projected at an anemic 1 percent.

BCC economist David Kern even admitted that British domestic product is being driven by stimulus packages. That means there is no growth. How long can you print or take money from taxpayers and throw it into programs which aren't sustainable? That has failed and will continue to fail.

What is being said here, is the UK economy isn't growing because there is little demand for products or services from consumers. It's as simple as that.

To imply gross domestic product can continue to grow based on stimulus measures is a statement which makes no sense. Growth is based on private enterprise and nothing else, when it comes to sustainability. Until that happens, it can be called whatever one wants to call it, but it isn't a recovery, and like the United States, Britain has yet to start a legitimate recovery, no matter what is asserted by their politicians.