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...British economy has come to depend on people like 26-year-old Rebecca Holyhead. She and her boyfriend Dave are about to put down the deposit on their first house. It may not sound like much - a two-bedroom semi-detached that used to be public housing, on the outer fringe of London and far from the Tube - but it's costing them a heady ?150,000, more than three times their combined annual salaries. (She's a nuclear safety engineer; he works in local government. Their parents are pitching in on the deposit.) Though...

Author: /time Magazine | Title: Borrow For Britain | 5/19/2002 | See Source »

...Just ask Holyhead. She has paid rent of ?750 a month for a one-and-half bedroom flat not far from her new house. Her variable-rate mortgage, on the other hand, will cost just ?500 a month as long as rates hold. Overall, Britons pay only 8% of their income on interest payments, compared to 15% in 1990 after rates had soared into the double-digits, triggering the big credit crunch. "There is no evidence of people having pain servicing their debts," says housing economist John Wriglesworth of Hometrack, "despite lenders being very generous with their lending policies...

Author: /time Magazine | Title: Borrow For Britain | 5/19/2002 | See Source »

...Tinto will build its 112,000-ton smelter on the Welsh island of Anglesey at Holyhead. As the "buying-in" price for a cheap power deal, it will in vest $79 million in the new Dungeness nuclear-power station in Kent. British Aluminium got the coveted site at Invergordon in the Highlands, the last undeveloped deep-water port in the United Kingdom. Its 112,000-ton smelter there will be fueled at the cheap rate in return for a $70 million investment...

Author: /time Magazine | Title: Metals: Pouring Their Own | 8/9/1968 | See Source »

Unchastened, Bevan put a restless foot back in his nimble mouth. Opening a maternity hospital at Holyhead, he said that men of Celtic fire were needed to bring about great reforms like the new health service. That was why, he explained, Welshmen were put in charge instead of "the bovine and phlegmatic Anglo-Saxons." How Bevan's Labor associates, including Anglo-Saxons Attlee, Morrison and Bevin, liked that one was not revealed. Unphlegmatic Anglo-Saxon Winston Churchill, however, put his head down and charged. Said he: "We speak of the Minister of Health-but ought we not rather...

Author: /time Magazine | Title: GREAT BRITAIN: Deep In My Heart, Dear | 7/19/1948 | See Source »

Ugliest Aspect. At Eccles, in Lancashire, one Jack Piggott drew six months' imprisonment for smashing a Jewish-owned shop window and leading a crowd of 700, some of whom shouted what few Britons had ever been expected to shout: "Hitler was right." At Holyhead, a laborer was fined for smashing the windows of two Jewish shops. In London, two women arrested for pitching bricks through Oxford Street windows said: "We did it because the owner is a Jew." In Wales, signs appeared on a school wall reading: "Jewish murderers" and "Hitler was right." At Kingstanding, near Birmingham, hooligans stole...

Author: /time Magazine | Title: Foreign News: Dark Tide | 8/18/1947 | See Source »

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