It seems as though after three to four years of deep recession things are starting to look brighter again in Britain. Employment rates are, in fact, rising very quickly but on the contrary GDP still seem to be stuck in a major lull. The combination of high employment rates yet, an out of control inflation rate and an economy that has been predicted to shrink is quite unusual. Often times growing employment goes hand in hand with a growing economy. Although Britain is not in the clear by any means, things are looking much brighter for their economy.
The promise that the British economy is showing could turn out to be beneficial for the European Economic Crisis, which we discussed in the finance class. With the employment rate showing promise like it has it can only be a matter if time before the economy follows suit and begins an upward trend once again. Once the economy rebounds I think that it will have a beneficial affect on the whole European Union because England, a European powerhouse, will have economic strength and power once again. This additional money that can be put towards bailouts and aid across the European Union aiding struggling countries such as Greece.
https://www.youtube.com/watch?v=ttuXQWV_dtQ
http://www.economist.com/node/21563766