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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 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
Frances O'Grady
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"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 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy."
— Frances O'Grady #changegrowth #moneywealth

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Britain is a textbook case of how growing inequality leads to economic crisis. The years befor…

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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 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy. — Frances O'Grady

About Frances O'Grady

Frances O'Grady was a Activist from British (1636–1680).

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Frequently Asked Questions

Who said "Britain is a textbook case of how growing inequality leads to economic crisis.…"?
This quote is attributed to Frances O'Grady, a Activist from British.
When did Frances O'Grady live?
Frances O'Grady lived from 1636 – 1680.
What is this quote about?
This quote touches on Change & Growth, Money & Wealth. Browse more quotes on these themes from the categories page.