Monday, September 08, 2008

The UK Economy - Whither?

On the day of my arrival the Chancellor of the Exchequer was already describing the economic situation as the worst since the '60s.
Mostly I saw little of this, except for a walk of about a mile that I did in Manchester last week - every second building I passed was for sale - these appeared to be largely rental properties and I do not know what that means, but it is utterly unprecedented in my experience to see this density of house-selling.
And during this week the Times reported on the car sales slump.

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