On becoming a "Recessionista"
According to a New York Times article
"One-third of consumer debt in all of Europe is held by people in Britain, said Chris Tapp, director of Credit Action, which counsels people about how to handle debt."
I especially liked this quote from the same article, offering tips on how to save money.
"...people were remembering that they could often get free coffee at work (not as good as Starbucks, but coffee nonetheless)"