UK GDP declining nearly at Great Depression rates

[NJ5]

@SamuelIRSmith: To tell the truth I have read much more about USA's bailouts than the UK's (partly because it's where the problem started, and partly because there's more information available).

Here are two articles comparing the Japan situation with USA's current one. Maybe someone knows the key differences and similarities with the situation in UK:

http://www.nytimes.com/2009/02/12/business/worldbusiness/12iht-yen.html
http://www.american.com/archive/2009/don2019t-repeat-japan2019s-mistakes