Tuesday, Jun 26, 2007
Unsustainable borrowing
Mail: Families' £100bn bill to pay interest
These debt levels are the highest in the developed world, which will add to concerns that the economy is propped up by a fragile credit bubble. The figures explain the surge in bankruptcy and house repossessions over the past six months.
Posted by confused76 @ 11:15 AM (166 views) Add Comment
3 Comments
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1. speculatorone said...
'The party's Treasury spokesman, Dr Vince Cable, said Gordon Brown should put tackling personal debt at the top of his agenda on becoming Prime Minister. '
Right, I am sure Gordon will make this his top priority as all this personal debt has nothing to do with him? All his good work coming home to roost!
That aside, the figures and sums are astonishing. How much longer can it be before the full blown HPC starts?
separately, I note estate agents valuations are still increasing on new properties to the market, so they are obviously not concerned!
2. sovietuk said...
"'The party's Treasury spokesman, Dr Vince Cable, said Gordon Brown should put tackling personal debt at the top of his agenda on becoming Prime Minister. '"
This will be at the bottom of liar Brown's agenda because his whole great economic deception is built on the misery of other people's debt.
3. george monsoon said...
Fantastic
GORDON BROWN