UK on the brink of a ‘triple-dip’ recession

Palace of Westminster in London

The UK is believed to be on the brink of another recession:

January 25, 2013
Britain’s economy shrank more than forecast in the fourth quarter as the boost from the Olympic Games unwound and oil and gas output plunged, leaving the country on the brink of an unprecedented triple-dip recession.Gross domestic product dropped 0.3 percent from the three months through September, when it grew 0.9 percent, the Office for National Statistics said today in London. That compares with the median of 38 estimates in a Bloomberg News surveyfor a decline of 0.1 percent.The pound fell as the drop highlighted the challenge Prime Minister David Cameron’s government faces to secure momentum in the economy more than three years after it emerged from the deepest recession since World War II. http://www.bloomberg.com/news/2013-01-25/u-k-economy-shrinks-more-than-forecast-as-triple-dip-risk-looms.html

The UK has had economic difficulties, and in some respects, more than some other countries. The UK is also losing a lot of its financial influence in the world.

Although it will have problems before it is fully formed, another financial and military system is starting to arise in Europe and the Anglo-descended nations will not like what will replace Anglo-capitalism.

But ultimately, Jesus will come and establish His kingdom with, amongst other things, a proper economic system. But until then, overall, Britain will see that it has less influence on the world scene than it did in its glory days or even as it did a decade or so ago.

Although the United Kingdom (and related Commonwealth nations) and the United States have dominated the world’s economy the past couple of centuries (as well as the military for over a 1/2 century), a shift is occurring and those in the Anglo-nations will not like what will be happening relatively soon.

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