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Charlie The Tramp Returns

Credit Action Debt Stats Updated January 2011

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Credit Action Stats January 2011

The Office for Budget Responsibility (OBR) predicts that household debt will be £1,823bn by end 2015 which is a growth of £159m a day. This would take the average household debt to £72,341 per household.
Britain's interest repayments on personal debt were £65.1bn in the last 12 months. The average interest paid by each household on their total debt is approximately £2,582 each year.
£349,000,000 is the amount that the Government Public Sector net debt (PSDN) will grow today (equivalent to £4,040 per second).

Does not get any better. :rolleyes:

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It is quite astonishing and absolutely terrifying.

We are a busted flush.

Credit Action shows the true state of this country`s debt, not the rubbish spoken by Politicians and the Media. If I was Mervyn King I would be unable to sleep at nights worrying when Armageddon will arrive. Low interest rates will always encourage people to increase their debts and in some cases recklessly, not thinking as past history has shown they can also rise very quickly. ;)

My prediction, so put it in your diaries, the CPI in Q2 2012 Will be 5.1%.

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