The British economy seems to have been going along a bumpy road for the past 3 years: there has been just as much good news as bad on the whole, with no real extremes either way- for better or worse. Although this process continues, there are several reasons for cautious optimism:
Despite the hindrance resulting from the Euro-crisis and belt-tightening across Europe generally (a traditional key source of British income from exports); exports outside of Europe, to the BRIC (Brazil, Russia, India and China) countries, as well as members of the G20 are much more promising. And there are great expectations for the US-EU free trade agreement on the way.
Although British-owned car brands only include a handful of niche vehicles; actual manufacturing of cars has not been so high in the UK over the past 60 years as it is now, with Britain now exporting more cars than it imports.
A particularly praiseworthy statistic is that the number of new private sector jobs since 2010 greatly outweighs the public sector jobs lost so far to spending cuts. Also, more people are in employment now than ever in British history (though the fact that unemployment nevertheless remains an issue demonstrates how much larger the British population has become).
Problems remain, with government debt a relentlessly stubborn issue undermining progress- but things are generally heading in the right direction.
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