Credit crisis: Speedy resolution could leave UK unscathed

By James DaleyPublished: 15 September 2007Although Northern Rock's bail-out by the Bank of England has few direct repercussions for the British economy, the event sent out a warning that the credit crunch could last for longer than most had expected.The short-term effects of the credit crisis look to be minimal. However, a prolonged crunch could inflict serious damage on the financial services