Commentaries

Time to invest: infrastructure, the credit crunch and the recession.

18th December 2008 commentary

After the denial comes the reality: this is no ordinary downturn. It is not even simply a particularly sharp boom and bust. Britain faces a credit crisis which is largely home-grown; an enormous overhang of leverage; an annual structural deficit of at least £70 billion; and the end of the North Sea oil and gas bonus...