After causing the recession with their reckless, irresponsible borrowing, homeowners are now threatening the recovery with their reckless, irresponsible saving.

Mortgage borrowers reduced their home loans by nearly £5 billion between July and September, figures indicated yesterday, adding to fears that weak consumer spending could undermine the economic recovery as Britons concentrated on minimising their debts.

You just can't help yourselves, can you? Paying off your debts like a bunch of fiscal delinquents. Don't you know you should be borrowing, spending, borrowing, spending... ?

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