British Families, Drowning in Debt

Britain is being hit with a credit crisis that resembles the American subprime disaster

It's 4:30 p.m., and the television in a government-subsidized apartment in Gravesend, south of London in Kent, is showing an advertisement for hair dye. Nearby, a baby is sleeping in a stroller. The TV and the stroller are among the few things that still belong to Maxine King, aside from a mountain of debt.

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