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'GradyAbout author
- Author's profession: Activist
- Nationality: british
- Born: November 9, 1959
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'How a mother can look at her baby, and know that she lives beyond her husband's means, I cannot imagine.' "Eugene suggests that Mrs. Lammle, not being a mother, had no baby to look at." 'True, but the principle is the same.' "Boots is clear that the principle is the same. So is Buffer. It is the unfortunate destiny of Buffer to damage a cause by espousing it. The rest of the company have meekly yielded to the proposition that the principle is the same, until Buffer says that it is; when...
Charles Dickens