While the economy is now formally out of recession, many nursery business owners could be forgiven for questioning whether the worst is really behind us. The economic signals still remain mixed, with the recently formed Office for Budget Responsibility (OBR) predicting that the economy will grow next year by 2.6 per cent, compared with the 3.25 per cent figure forecast by Alastair Darling in March. The OBR also reports that government debt will increase to 62.2 per cent of GDP during 2010-11, a position forecast to increase further to 74.4 per cent by 2014-15. Against this backdrop, the coalition Government's plans to cut spending have led commentators to speculate whether something akin to a double-dip recession may be on the horizon.
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