35% chance of UK going into a recession

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35% chance of UK going into a recession

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03-31-2008, 02:20 PM

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35% chance of UK going into a recession

There is a 35% chance of the UK going into a recession over the next 2 years as the credit crunch surrounds the UK’s property market and broader economy, according to investment bank Lehman Brothers. The report states that the global financial turmoil is increasing mortgage rates and, as a result, will reduce consumer spending. [...]

More: 35% chance of UK going into a recession

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