http://www.guardian.co.uk/business/2...nsumerspending
The credit crunch, which has dragged the UK economy to the brink of recession, has wiped £600bn from the wealth of the UK - more than £1m a minute - since the crisis began a year ago, accountants said today.
A study by PricewaterhouseCoopers showed that housing wealth has plummeted by £400bn while sharp falls in the share prices ofbanks and financial institutions have wiped out another £200bn.
£1M per minute!!! And I thought SAP Contractors were on a killing.
The credit crunch, which has dragged the UK economy to the brink of recession, has wiped £600bn from the wealth of the UK - more than £1m a minute - since the crisis began a year ago, accountants said today.
A study by PricewaterhouseCoopers showed that housing wealth has plummeted by £400bn while sharp falls in the share prices ofbanks and financial institutions have wiped out another £200bn.
£1M per minute!!! And I thought SAP Contractors were on a killing.
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