Britain facing another financial crisis !

luvpump

http://money.uk.msn.com/investing/news/article.aspx?cp-documentid=149709161

"The warning came as credit rating agency Moody's predicted the worst of the credit crunch losses were ahead of us, with Britain's high street banks set to lose another £130 billion in the coming 18 months"
:eek:

bjorn_again

luvpump wrote: »

http://money.uk.msn.com/investing/news/article.aspx?cp-documentid=149709161

"The warning came as credit rating agency Moody's predicted the worst of the credit crunch losses were ahead of us, with Britain's high street banks set to lose another £130 billion in the coming 18 months"
:eek:

...IPPR a left leaning think tank - go figure.

dunstonh

This article has been doing the rounds over the last week or so on various sites.

Its badly written as the title suggests its fact but the first line says "could".

Britain facing another financial crisis

Britain could be headed for another catastrophic meltdown

gozomark

much of that money has already been lost and factored in to share prices, it just hasn't been reflected in the accounts...