“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.”

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Originally said in English.

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About Frances O'Grady

Frances O'Grady is quoted here; further biographical details are not publicly available.

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"Britain is a textbook case of how growing inequality leads to economi…" — Frances O'Grady | Daily Quotes