Britain has been hard hit by the [[Recession of 2008]], with its major banks taken over or subsidized by the government. Real gross domestic product declined by 4.6% in 2009, and is expected to rise by 0.6% before 2010 and probably will continue to increase by 1% in 2011. | Britain has been hard hit by the [[Recession of 2008]], with its major banks taken over or subsidized by the government. Real gross domestic product declined by 4.6% in 2009, and is expected to rise by 0.6% before 2010 and probably will continue to increase by 1% in 2011. |