Report: UK economy to face recession "soon"

While the United States has shown signs of economic recovery, 'it is feared that the United Kingdom 'is heading toward a recession soon. UK has already slashed expenditure on its monarchy and the military but it is hosting the Olympic Games from 27 July to 12 August, 2012. The deeper fear, however, is the territorial breakup of the 300-year old political union in 2014 if Scotland opts for independence in a poll.