Monday, 5 January 2009
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Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.
4 comments:
An example of how the credit crisis has affected households and totally changed and restricted lending practices - the days of easy money are over and mortages and all loans are being rationed.
i agree with loushang!
because of the credit crisis,banks are afraid of lending the money, so they need something to ensure their lending.
The current UK's financial status have collapsed, which have decreased the comfordance and incentives for both the banks and the consumers.
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