Feeling the Pinch
INTRODUCTION
Since the UK's very public introduction to the Credit Crunch in September 2007 with the run on Northern Rock, there has been seemingly non-stop media coverage of the financial problems affecting the UK economy and the UK consumer. The aim of this report is to cut through the hype to understand what is really happening, and what is likely to happen, as consumers continue to feel their finances squeezed.
We start by providing a detailed examination of the macroeconomic context and provide forecasts for the economy to 2011. We then analyse and explore the...