17 January 2011

And the winner is... the UK!

Below a graph plotting household indebtedness as a percentage of gross household income in the main OECD economies. One can easily notice the striking increase that occured in the US but even more significantly in the UK. But don't worry, Nick Clegg has just invented a revolutionary concept: it's called 'alarm clock Britain', it provides a totally novel way to conceptualise the middle class and involves such life changing measures as 200 pounds worth of tax break...

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