Britain showing signs of heading towards 1930s-style depression, says Bank – Telegraph

This is not good news

Britain showing signs of heading towards 1930s-style depression, says Bank – Telegraph: “The country is displaying early symptoms of being trapped in a so-called “debt deflation trap” where families find themselves pushed further and further into the red every month, according to a Bank report published today.

The stark warning will cause serious concerns, since it was this combination of falling prices and soaring debt burdens that plagued the US in the 1930s.”

Leave a Reply

Your email address will not be published. Required fields are marked *