About author
- Author's profession: Economist
- Nationality: scottish
- Born: June 5, 1723
- Died: July 17, 1790
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[And there was the matter of Dick Turpin. It looked like the same car, except that forever afterwards it seemed able to do 250 miles on a gallon of petrol, ran so quietly that you practically had to put your mouth over the exhaust pipe to see if the engine was firing , and issued its voice-synthesized warnings in a series of exquisite and perfectly-phrased haikus, each one original and apt...
Late frost burns the bloom
Would a fool not let the belt
Restrain the body?
...it would say....
Terry Prachett
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
Frances O'Grady