The Bank of England has a tricky job ahead (Image © Jeff Moore Photo/Bruno Vincent/EMPICS Entertainment/PA Photos)

6 steps to surviving the credit crunch

Experts say the current turmoil in the financial markets could take years, not months, to unwind. Here are some straightforward steps we can all take to protect ourselves during the credit crunch.

Stock market tumble in 2008
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The latest stock performance

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Banking crisis poll

  1. Have you noticed any signs of a recession?

Vote to see results

Click here to see results without voting

  1. Have you noticed any signs of a recession?
    1. Not at all - I invested wisely and avoided debt
      11%
    2. No, but high fuel prices and mortgage payments are pinching a bit more
      37%
    3. Only in the papers - the media is scaremongering
      16%
    4. Yes - I've cut down on spending and would not consider changing jobs as a result
      36%
174 responses, not scientifically valid, results updated every minute.

Major indices and currencies

6,204.70
-66.10
10,437.30
-112.50
3,163.87
-33.91
1,010.50
+4.80
1,594.65
-8.65
12,736.27
-130.51
2,443.89
-7.35
4,960.56
-95.02
7,003.17
-68.73
1.95
-0.01
13,655.34
-287.92
4,285.89
-64.86
1.26
-0.01
0.65
-0.00

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