Friday, Oct 23, 2009

Sums on what we've said here for about 3 years...

Telegraph: Recession Why Britain has fared so badly

My favourite bit is this...
Ruth Lea, economic adviser to the Arbuthnot Banking Group, said: "We had a bigger house price boom than nearly all other states, save perhaps Ireland and Spain, and we had an unsustainable boom in the banking sector. "What goes up must come down."

Posted by timmy t @ 04:55 PM (492 views)
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