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NickCJ-
In what sense?
Compared to much of Europe, the UK poor have been getting poorer and have less money to spend. Not just in last 12 years.
Conventional economics indicates that disposable income for your lowest earning cohorts is the factor most likely to drive growth.
Logically, the countries that have seen their lowest earning cohorts increase prosperity (and by keeping tabs on their property markets) will be better insulated against this sort of economic crisis. Imho.
Stonehedge
We're about to find out which economies have spent the last decade preparing for this sort of global crisis and which ones haves been lining their own pockets.