Are we experiencing the green shoots of recovery?

In the United Kingdom are we experiencing the green shoots of recovery? www.searchaccountant.co.uk The housing market seems to be stabilising but there is the danger that the Bank of England will raise interest rates too early. Despite the 0.5 pct base rate mortgage lenders are still demanding high deposits and quite a few commentators consider that the British housing market is still too expensive. The relatively painless adjustment would be a few years of sideway movement combined with a rise in general prices. However, the more painful adjustment would involve increasing repossessions and general
deflation.
You don't get the sense that UK Chancellor Alistair Darling is on the top of his brief. He is not pushing through help for the British housing sector and he seems to be stalling on help for the car industry in Britain.
However, he showed dogged determination in seeing off Prime Minister Gordon Brown, who wanted the job to go to close friend and ally Ed Balls. Darling is going to have to navigate a spending statement in the winter. This will be quite tricky
and he might regret not being pushed out. Normally, when the relationship between a chancellor and a prime minister breaks down, the PM remembers he is the First Lord of the Treasury. Apparently, Darling was saved when the cabinet staged a revolt against the promotion of Balls, so we are living in extraordinary political times.