We are approaching the panic phase but look how much further there is to go - hysteria phase will need to be invented as this correction corrects itself
£10's of BILLIONS of £'s of MEW derived spending isn't going to happen next year. Partly because the Equity has evaporated and partly because people won't feel confident to spend whatever remains. This alone is going to be like a 6% wage cut for the nation.
Add in the food/motoring/utility bill inflation related squeeze on disposable spending (airline tickets) and it don't take no genius like me to take it right back to 1991 - Aceeeeeeee'd!!! Illegal
rave
anyone? I'll go get my whistle out of the attic.