Recession over by 2010

Homeowners considering investing in a conservatory or pool house may be boosted by the news that a proportion of the public feel the recession could be over by next year.

A recent poll of consumers found more than one in ten (13 per cent) believe things could return to normal by the end of 2009.

Meanwhile, a further 12 per cent feel the same could occur by March 2010, signalling a resurgence in the economy.

However, the survey found almost a quarter (24 per cent) feel unemployment could exceed ten per cent before the recession ends, with a similar amount suggesting the jobs situation will not be addressed until the end of 2010.

Commenting, personal finance expert Louise Bond said it is impossible to accurately predict the end of such a fiscal situation.

"However, consumers really need to be aware of the financial legacy a recession leaves, long after a return to positive growth," she said.

The news comes after Sainsburys Finance figures showed a 39 per cent year-on-year drop in the number of Brits planning to structurally alter their home.