The British Chambers of Commerce has called the bottom of the recession.
David Kern, chief economist at the BCC, said: "The worst phase of the recession is over, but serious downward pressures persist across all sectors and regions. Recovery is now possible but it is not yet secure.
“Further corrective measures are still needed to support the economy. The marked improvement in confidence, albeit from exceptionally low levels, is welcome."
Kern said the benefits would only be maintained if short-term policy "stays expansionist" and "Quantitative easing should be pursued aggressively".
In other words, the improvement will last as long as the government keeps spunking money it doesn't have up against the wall in a fatuous attempt to prove that all is well.
Mr Kern: fuck off and die, please. Now would be good.