No end of recession celebration, says entrepreneur

Posted by Dan Martin in Business trends on Tue, 26/01/2010 - 11:49
  • Official statistics show the economy grew by 0.1% in Q4 of 2009
  • The figure means the UK has emerged from the recession
  • But entrepreneur Charlie Mullins says it is not time to celebrate
  • The development masks Labour's mismanagement of the economy
  • Mullins says the recovery is still a long way off

As official figures show the UK has limped out of the recession, one entrepreneur has claimed it is still not time to celebrate.

According to the Office of National Statistics (ONS), the UK has emerged from the longest recession on record with the economy growing by 0.1% between October and December 2009.

But Charlie Mullins, founder of Pimilico Plumbers, said entrepreneurs should not be opening the champagne.

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