Thursday, Aug 09, 2007

LONDON - London is quickly approaching New York as the financial capital of the world, but could its strength be its undoing? Could it unduly expose the British economy to the credit crunch that threatens to engulf global markets?

forbs: Vulnerable Britannia?

LONDON - London is quickly approaching New York as the financial capital of the world, but could its strength be its undoing? Could it unduly expose the British economy to the credit crunch that threatens to engulf global markets?

According to a study published by the think tank Oxford Economics, the credit contraction could take a big bite out of the U.K. economy–possibly even more than it could from the U.S.

Posted by chris :-)) @ 12:15 PM (111 views) Add Comment

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