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Credit has dried up, effective demand has shrivelled, the housebuilders are going bust.
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The row comes as the latest official figures showed nearly 10 companies are going bust every day because of the credit crunch.
BBC: Tories step up pressure on Brown
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Such firms are going bust in large numbers.
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Hundreds of pubs and restaurants are at risk of going bust, according to the insolvency trade body, R3.
BBC: Scottish pubs and restaurants 'at risk of going bust'
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The lure of larger earnings and the threat of going bust are enough.
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Now, the general agreement is that when the interest rates are above 6% then Italy and Spain are in danger of going bust.
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These are individuals and businesses on the brink of going bust, often referred to as zombies, who are just keeping their heads above water, because the banks have temporarily let them off some of their debt payments.
BBC: UK banks 'still short of capital', says BoE
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You've got millions of construction workers who've been laid off as a consequence of the housing bubble going bust who are ready to get on the job.
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Market Street in Manchester, Church Street in Liverpool or New Street in Birmingham are all threatened with brands going bust, retailers moving into town centers and shoppers buying online.
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As many as 30 of the less glamorous professional English football clubs are thought to be in danger of going bust.
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This is because insurers are more reluctant to support small suppliers against a larger customer going bust, said the CBI.
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