"Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy."

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Source : "Pay equality and strong unions will put Britain back to work" by Frances O'Grady, www.theguardian.com. August 4, 2012.

Frances O'Grady

#Years Quotes #Gdp Quotes #Growth Quotes

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