Tory wet dream. Everybody owing money to the banks and sharks. Wankers
Advertising firms and financial organisations are mainly to blame; the first creating an artificial demand, the second lending more money than people can afford. The next financial crisis will be when more people declare themselves bankrupt, or hand back the things they bought.
Roll on the next recession
Is it because households are paying increasing prices for the greedy unions.
After watching IDanielBlake last night, its easy to see how easily people can become so vunerable and fall into debt. What a terrible service the Tories DWP provide 😞
Would love to know how much of this is necessary debt ie. Arising out of need for 'survival' as opposed to bad management/poor planning/impulse/non-essential/want it now purchases.
Coming from Japan for a holiday in the UK is too expensive. Train fares. Hotels. B\\B. Food.
+ £150,000 for a mortgage... everyone's in debt for life.
Because the Union membership fees are too high
TUC making stuff up again.
So the TUC says this, but the Bank of England says the figure is half of what the TUC state. I'll believe the BofE.
Just put it on the MagicMoneyTreeCard. Why not? The liarliar govt does.
Yup. Just to pay the bills...
Had better hope interest rates don't suddenly spike then! So basically, had better hope Labour aren't elected! Their currency crash and inflation would drive up the need for rate hikes. Throw in the unemployment they would cause and you'd have debt and defaults surging.
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Government spends less Banks issue more credit. It won’t last.
Just after Christmas? Shocking.