It could take between four and five years for the UK to achieve steady growth after the recession, according to the British Chambers of Commerce (BCC).A recent report by financial services firm PricewaterhouseCoopers (PwC) has revealed that the total UK public and private debt is forecast to reach £10 trillion by 2015.Furthermore, GDP is still predicted to be below £2 trillion in five years time.David Kern, economic advisor at the BCC, agreed with the PwC findings and claimed it may be years before growth returns to pre-recession levels.He said: "What we may achieve is a better position [than we are in now] but I think there will be permanent losses from the recession."Some of the output we lost will not be recovered. However, I think we are going to come to a place where we can achieve steady growth, but from a lower base. I think that it will take about four or five years."In 2009, the total UK debt was around 540 per cent of GDP, and increase of around 340 per cent compared to 1987.Posted by Samantha ClarkeSamantha is a former banking assistant and has over ten years experience in retail banking
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