According to this report from the BBC, the recession is unofficially over, while we wait for the figures to formalise themselves so we can tick over into growth again.
Interesting stuff eh?
I find it a bit odd that even though we were one of the last countries into the recession, many in the media are noting how others (France, Germany) have come out of recession before us. Can't win.
Whether this is a sustained recoevery or just a boom/bust/bounce/double-dip recession remains to be seen over the passage of time, as is whether any lessons have been learnt from the structural weaknesses that lead us into the problems in the first place. I'm not holding my breath on the last one