“Up and down the City Road,/In and out of the Eagle,/ That’s the way the money goes,/Pop goes the weasel.” News last month that UK pawnbrokers are doing 20% more business in 2006, and that one-in-25 mortgage holders had missed a payment in the previous 12 months, should probably come as no surprise. As the popular 19th-century song reveals, the great British public has always been thoroughly dissolute.
These days the Brits are far from unique.
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