Economic slow down needed

One of the worlds largest providers of financial services, Ernst & Young, has stated that a slow down in our financial economy in 2008 will be no bad thing, the Bloomberg website reports today.

Borrowing costs have increased over the past couple of months and to prevent an overload on the UK’s financial services that was becoming heavily reliant on cheap credit.

This slowing down of borrowing, lending and hopefully property prices may prevent a rise in inflation costs being passed onto consumers.

Read all about it at the Bloomberg site