EAST Lancashire business experts were downbeat yesterday – despite Britain officially pulling out of recession.

The economy grew by 0.1 per cent in the final quarter of last year, meaning the downturn is over, according to the Office of National Statistics (ONS).

But David Fishwick, owner of a Colne-based van and mini-bus dealership, said: “This must be the most underwhelming end to a recession ever because the growth is so minimal.

"Personally, it felt as if we were pulling out of recession in about August but I know many businesses in East Lancashire have still got major problems and I have still got customers who cannot afford to pay.

“Things are looking better but we are not necessarily out of recession for good yet.”

Mr Fishwick’s caution was shared by Norman Tenray, boss of Longridge building supplies firm OBAS UK, who urged the Government to continue to support businesses.

He said: “There have been no real noticeable economic improvements for many in the business community, and there must be some perspective on the matter.

“Recovery is not just about ending the recession, it is about putting in place the infrastructure to support a long-term recovery.”

Yesterday’s announcement, which came after the UK economy shrunk by six per cent in an 18-month recession, prompted Prime Minister Gordon Brown to say he was “confident but cautious” about future growth.

However, Shadow Chancellor George Osborne said: “Let’s be clear – this is about as weak growth as you can get.”