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Three More Years of Economic Difficulty Says Ken Clarke
14/02/2011
The former Tory chancellor Kenneth Clarke has forecast that the UK economy will continue to face economic turmoil until 2014. This prediction has been made, following the release of statistics that suggest the economy is in reverse.
A governor of the Bank of England, Mervyn King, has supported Ken Clarke's theory by issuing a warning that families will continue to face the biggest squeeze on their finances since World War 1.
The Justice Secretary said: ‘People have got to understand, as the governor was trying to tell them last night, that it is going to be a long haul. We have got ourselves into a real mess.’
Homeowners aged over 55 years who are concerned about the economy and would like to know how much money the value of their property could release to help increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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