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Debate House Prices


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Productivity slump poses problem

Not enough bankrupt firms and job losses, apparently. More spending cuts may be needed.

http://uk.news.yahoo.com/analysis-productivity-slump-poses-problem-bank-government-130123289.html
"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Or shows the over reliance on financial services and property in the past decade. Why invest in real wealth creation when house prices were spiralling upwards. Now the dust is settling the landscape doesn't look so rosy.

    All that's left is a mountain of debt. This hardly gets mentioned yet is potentially a major problem.
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