what was the true casue of the UK recession. i am doing a speech at school on it and i need a reasonably basic explanation
thanks
Rent Back Fast
Related posts:
- If the UK government got rid of the minimum wage would unemployment in UK be lower during recession? According to an answer one reazon why jobs are...
- Quick Sale to See Through Urgent Needs and Plans Quick Sale of the house is a proven means...
- UK recession worse than forecasts: UK Finance Minister? http://www.thebiztime.com/2009/04/07/uk-recession-worse-than-forecasts-uk-finance-minister/Passive Income ...
- UK government using fiscal policy to reverse the movement of the UK economy into recession? Analyze the case for the UK government using fiscal...
- Do you believe that UK and US are undergoing recession? I have heard it all over the news almost...
Related posts brought to you by Yet Another Related Posts Plugin.
#1 by Branden at July 14th, 2009
Do your homework yourself.
#2 by vinnieF at July 17th, 2009
Not easy to answer simply. Different people will give you different explanations, and so far, no-one has come with a satisfactory explanation.
Soms say it’s a world-wde problem, others that it stems from bankers’ greed, others from Britain’s economic policies of the past 12 years.
Try this link and see if it’s any help.
video-on-causes-of-current-
recession.html
Good luck with the speech!!
#3 by Henry Hedgehog at July 20th, 2009
It’s a bit simplistic to ask for one true cause. There are a number of factors in combination. But basically it was the fact that banks lent a lot of money irresponsibly to people who had no chance of repaying their loans, and hid this by parcelling up the mortgages deceitfully and selling them on to third parties as top-grade investments. Eventually it all had to unravel, and it did, bringing the banks down. The knock-on effect is that banks stopped lending, and this reduced consumer demand, which led to a recession.