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Not many people bought houses they couldn't afford in the UK. We haven't had huge numbers of repossessions in the UK (fewer than the 1991 recesssion so far). Ou
by Agent101 17y ago
Not many people bought houses they couldn't afford in the UK. We haven't had huge numbers of repossessions in the UK (fewer than the 1991 recesssion so far). Our banks were more exposed to the american housing market (than europes), and banking is a large part of our economy so we get hit worse when it goes down the tubes.