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Total Uk Household Debt Looks Like It's Levelled Out

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http://www.creditaction.org.uk/july-2009.html

Total UK personal debt at the end of May 2009 stood at £1,459bn. This has slowed further to 1.4% in the last 12 months which equates to an increase of ~ £17.9bn (the increase was ~£116bn in January 2008).

Given that mortgage lending was running at over £30bn a month at it's peak, £17.9bn total new debt in the last 12 months represents a catastrophic collapse in the willingness of UK citizens to enslave themselves and also the supply of credit with which to do it.

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http://www.creditaction.org.uk/july-2009.html

Given that mortgage lending was running at over £30bn a month at it's peak, £17.9bn total new debt in the last 12 months represents a catastrophic collapse in the willingness of UK citizens to enslave themselves and also the supply of credit with which to do it.

well, maybe it means a switch from mortgage debt to other debt.....this is very bad indeed.

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  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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