Wednesday, June 4, 2008
Sound fundamentals eh, Gordon?
Britain most vulnerable to credit crunch after decade of 'excessively loose' fiscal policy, warns OECD
''...Britain is more vulnerable to the credit crisis than any other leading economy apart from the US, alarming research showed today. Tumbling house prices and a heavy reliance on financial services have left the UK as badly exposed as America, where a recession is looming, warned the Organisation for Economic Co-operation and Development...''