House prices fell as cheap credit vanished.
House builders, surveyors, land banks, estate agents, property developers, builders merchants, tool hire companies, tradesman, go broke and lay-off thousands of workers, including immigrant workers.
Unemployment rises sharply, and many immigrants return home.
Demand for housing falls further and prices tumble further.
Government borrowing spirals and pay demands rise.
Inflation rises and fuel becomes scarce.
Public sector workers strike.
Flares come back into fashion and men grow long hair and wear safari jackets.
Welcome to the 1970's
House builders, surveyors, land banks, estate agents, property developers, builders merchants, tool hire companies, tradesman, go broke and lay-off thousands of workers, including immigrant workers.
Unemployment rises sharply, and many immigrants return home.
Demand for housing falls further and prices tumble further.
Government borrowing spirals and pay demands rise.
Inflation rises and fuel becomes scarce.
Public sector workers strike.
Flares come back into fashion and men grow long hair and wear safari jackets.
Welcome to the 1970's
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