Financial Times FT.com

UK economy’s misconception of consumption

By Chris Giles

Published: June 15 2009 18:35 | Last updated: June 15 2009 18:35

National Health surgeons conduct an operation

As Britain’s recession bit over the winter, the country became obsessed with finding someone or something to blame. Greedy bankers, addicted to taking risks and paying themselves lavish sums, took much of the flak, as did hapless financial regulators who failed to react to the danger signs.

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