Why you should be preparing for the next recession

We have the fastest-growing economy in the developed world. Unemployment is coming down fast. Sterling is strong, real (after-inflation) wages are growing again, and house prices are booming. After a long recession, the British economy is coming up trumps. Even our downbeat chancellor, George Osborne, looks cheerful.

There is only one problem. No one seems to have noticed that another recession is just around the corner. Just because the crash of 2008 and 2009 was deeper than any since World War II, and output has barely crept back above its earlier peak, does not mean that the business [...]

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