This is a blog from Martin way back in June but much of the information is still a great reference for information relating to the current state of the UK economy and recession.
Is the credit crunch real? I’ve been asked this a few times, and put simply the answer is yes. The problem is the term’s now so corrupted, misunderstood and incorrectly used that it, like many other things currently being said, has become a nonsense.
http://blog.moneysavingexpert.com/2008/06/20/the-credit-crunch-and-other-myths/
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