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Assorted Links (30 Dec 2009)
29th December 2009
1/ BBC news: UK unemployment ‘will peak at 2.8m’ in 2010: Report on the latest forecast from the Chartered Institute of Personnel and Development
2/ Financial Times: UK suffers a decade of weak expansion: UK gross domestic product, on average, rose by 1.7 per cent annually in real terms throughout the so-called noughties, Britain’s weakest period of economic expansion of any since the 1940s
3/ Guardian: British homeowners continue to trim mortgage debt: Britons reduced their outstanding mortgage debt by £4.9bn during the third quarter of the year, figures from the Bank of England showed today
4/ Guardian: The global economy’s decade of debt-fuelled boom and bust: Larry Elliot argues that borrowing was both the shaky foundation of global growth and the cause of its collapse
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.