US, Britain 'are already in recession'
by RB on Jul 09, 2008 01:48 AM

The economy started shrinking last month and will continue to contract until Spring 2009, according to one of the world's major investment banks.

* Remortgaging falls as confidence hits low

* Consumers turn to credit cards in crisis

* Separating couples still live together

* Housing slump spreads to mansions

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