When London radio news is being sponsored by a firm of bailiffs, you know something bad is happening. ‘Helping landlords get what they’re owed’ runs the cheery slogan at the end of the bulletins. As bad as the financial headlines are, this tells a bigger story than anything captured in the headlines — proof that the credit crunch is not an abstraction confined to the financial markets, but a bitter reality, already claiming victims and leaving tens of thousands to wonder if they will be next.
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