Friday, 9 August 2013

Count the ways the Credit Crunch changed our lives - D Telegraph

Six years ago I quickly wrote a book, Beating the Credit Crunch

It was only meant to be of use till Christmas... 

and of course it is still as popular as ever...

The credit crunch has been impacting on us all... on and on...

The Daily Telegraph's article 
Count the ways the credit crunch changed our lives 
succinctly describes the last six years...:

"From a worsening of the nation’s teeth to an improvement in its lofts, we investigate the bizarre reordering of our universe after six years of austerity Britain

Six years ago today, the high summer of economic prosperity ended with an horrific bang. On August 9 2007, BNP Paribas, the giant French investment bank, stopped investors withdrawing their money.
It was the start of the credit crunch and “the day the world changed”, according to Adam Applegarth, chief executive of Northern Rock, which just a month later caused the first bank run in Britain for 150 years.
We all know what happened next. The credit crunch turned into a financial crisis, which morphed into a deep and nasty recession. Businesses collapsed, many of them well-loved favourites such as Woolworths.
If you were lucky enough to keep your job, you probably had to accept a pay freeze. Interest rates were slashed, hitting savers and ushering in an era of uncertainty and austerity."

Read the full article at Count the ways the credit crunch changed our lives 

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