The recession is ongoing because so much needs to be reset.

The other caveat I would add is the number of people resident in Wandsworth paying tax but unable to claim JSA or similar benefits from the UK government. My very anecdotal evidence is Wandsworth does have a high portion of those types of people which would further improve the numbers (a little anyway).

And to bang on about my favourite hobby horse, Wandsworth should do more to attract entrepreneurial (read startups) from the Tech community.