British Broadcasting Corporation

Page last updated at 12:49 GMT, Saturday, 6 September 2008 13:49 UK

Credit crunch 'to last into 2010'

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The chief executive of Britain's biggest mortgage lender HBOS says the credit squeeze could last another 18 months.

Andy Hornby says any economic recovery in the UK depends on house prices going up in America.

Joe Lynam reports.

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