Tuesday, May 22, 2012

Eurozone crisis 'has left families £18,000 poorer' as value of whole economy slumps by £470bn....So Let's Stick another Cash Plaster on it

The eurozone debt crisis has cost UK households an average of £18,000, experts warned last night.

Economists said that in real terms, the total value of their assets has slumped by 5.5 per cent over the past year – a total loss of £470billion.

They said borrowing costs are up while the prices of shares and homes are down.

The report from Capital Economics came as David Cameron – in Chicago for meetings of Nato and the G8 group of leading nations – insisted he was right to speak out over the situation. Read More