Brown's Bust is starting to hurt
Why the ‘R’ word can’t be ignored - Times Online
It is about now in the economic cycle that you hear the old refrain that we must not talk ourselves into a recession. With most indicators in the West pointing to a slowdown, business leaders and ministers frown at any mention of the R word, or worse, the S (for slump) word.It sounds very responsible. Confidence, Keynes’s animal spirit, plays a huge part in determining economic outcomes. If every consumer stops spending, every businessman puts capital investment plans on hold, every investor retreats to cash, there will indeed be an economic freeze.
'Desperate' stores slash prices for Christmas - Telegraph
Retailers are offering their biggest pre-Christmas discounts as the credit crisis takes its toll on High Street spending.
Prices are being slashed at big-name stores, including Argos, BHS, Debenhams, Halfords, Toys R Us and Boots, with 80 per cent off the cost of some gifts in a "desperate attempt" to woo reluctant shoppers.