Tag Archives: sean o’grady

Economic statistic of the week

From Sean O’Gray in The Independent:

December 2010 is the first month in – probably – history where the UK’s manufacturing sector had more money on deposit than it borrowed from the banks. Or, to put it another way, industry is lending money to the banks, rather than the other way around. Bizarre.

Posted in News | Also tagged and | 5 Comments
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