The Brits are History

Absolutely Shocking article in the Daily Torygraph today flagged to me by a great Credit Suisse salestrader which cites a study by the Yorkshire Building Society finding that:

"More than a third of people would run out of money in less than a fortnight if they were unable to work, according to new research. The findings show that 36pc of people would see their cash run out within 11 days if they could not work because they have less than £500 in savings. It is the latest indication yet of how people are living on a financial tightrope during the credit crisis as they struggle to cope with rising household bills and mortgage payments."

FTSE... on its way to 4k?