England is Two Years Ahead of Plan for Recovery (YahooFinance)
The Bank of England has gone on record forecasting that an unemployment rate of 7 percent is feasible by the end of 2014, but only if interest rates stay low. Should this opinion prove true, then England would be a full two years ahead of plan, in terms of economic restoration. A more likely scenario, however, is that the United Kingdom would see that unemployment rate by 2015 or 2016. Whichever the case, thereâ??s a sense of optimism in England about its economy. That feeling was echoed by Bank of England Governor Mark Carney, â??For the first time in a long time, you donâ??t have to be an optimist to see the glass is half full.â?ť While thatâ??s technically true, as an investor, you certainly need to see more than a feeling to get back into British investments.