Maybe the right wingers in America want to follow this a little more closely. Heck, the Democrats ought to be paying attention because they're not that far away themselves. Austerity has made a bad problem much worse. The bad policies date back a few decades when politicians on both sides embraced the concept that business needs less regulation. A few (more) bad moves and this can be the US recovery.
The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts.
Families are expected to spend just slightly more by 2015 than they were before the financial crisis hit in 2008, as high inflation, tax rises and slow wage growth eat into disposable incomes.
In the 18 major recessions since records began in 1830, Bank of England data show that consumer spending on average recovered to 12 percent above its previous peak within seven years.
