The people pay the price

Brummer, Alex
January 2008
New Statesman;1/28/2008, Vol. 137 Issue 4881, p10
In this article the author discusses the impact of the 2008 financial crisis on the economy of Great Britain. He suggests that hesitancy in reacting to the crisis manifested by the Labour Party government of prime minister Gordon Brown may lead to an economic recession in Great Britain. A government bailout of Northern Rock, a bankrupt British financial institution, is examined. INSET: THE CRUNCH: A TIMELINE.


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