This chart above is making the rounds today. As Brad DeLong explains, it shows recessions and recoveries in Britain over the past century, and you can see that the current recession, from 2008 to the present, is currently worse than at this point during the Great Depression. The British economy was on the rebound about 30 months out from the recession's start, but around mid-2010 it started going sideways, and has remained in that position ever since. The new conserative Prime Minister of Britain, David Cameron, took office in May 2010 and immediately instituted his austerity regime. The chart above shows the result: an economy now in worse shape than it was during the Depression.