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Are we all to blame for the UK recession?

As financial websites and the financial press continue to rain down criticism on the UK government and UK financial institutions, it is fair to pin all of the blame on these third parties? Have we not all played a part in the rise and fall of the UK economy? Can we really put our hands on our hearts and say we did not overextend our finances?

They will be very few people in the UK who can wholeheartedly claim to have no part in the rise and fall of the UK recession. There are literally millions of people who have taken out loans, mortgages and credit cards which they are no longer able to afford and many, often recklessly, ploughed all their savings into property in the expectation that the prices would continue moving higher. So while, yes, the UK authorities have been reckless in their policies and their encouragement of the UK population they have not held a gun to our heads.

It is perhaps time we all stood up to be counted and moved forward as a group to try and rescue what is left of the UK company. The government may have spent billions upon billions rescuing the banks, they may be about to take Lloyds Bank under government ownership and Gordon Brown may well be on his knees but the UK economy is not dead and the UK will rise again.

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