Britain '10% poorer' despite expected recession exit - papers

Richard Lambert, director-general of the business group, said the country is now 10% poorer than it would have been if the recession had never happened, and the UK will have to "generate as much growth as possible" over the next five years, writes the Telegraph. Without that growth, he warned in a speech last night, "the life chances of a generation of young people will be seriously impaired", standards of living will be compromised, and unemployment will not fall back to pre-crisis levels. Full story...