Credit crunch has wiped £1m a minute from wealth at izbrano

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Credit crunch has wiped £1m a minute from wealth

Independent - The credit crunch has wiped a total of £600bn – more than £1m a minute – from the UK’s total wealth since it started a year ago, according to accountants PriceWaterhouseCoopers. Their analysis focuses on the impact of lost wealth in housing and the collapsing share values of financial firms, the sectors that have been most severely affected by the credit crisis.

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