Negative:
all data from sales, housing and unemployment is not good
Higher inflation promotes the increase in interest rate.
Austerity measures, higher taxes, immigration policy will negatively affect economy too.
Positive:
The shrink demand will reduce the inflation effect and devalue the pound, thus boost the export.
If UK, happen to outperform other EU countries like Spain, Italian and etc, the net immigration from these countries might increase.
Migration_Review_2010-2011_Dec2010.pdf
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