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Johnny

Imf Warning On Uk Debt

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BRITAIN'S £1trillion personal debt mountain may be starting to fall apart with dire consequences for millions of households, the International Monetary Fund warned yesterday.

The highly-respected economic watchdog sounded the alarm over the recent record increase in personal bankruptcies.

They rose by 37% to 11,195 between April and June compared to the same period last year, according to government figures.

The IMF's experts said that if the increase in bankruptcies continued, it would be a serious threat to the UK economy.

http://www.thisismoney.co.uk/credit-and-lo...2&in_page_id=62

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Britain's personal debt pile is now well over £1.1T.

It is still growing at a percentage rate far outstripping gross wages let alone net wages after CPI (even the rigged CPI).

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Their warning is made all the more chilling because the IMF rarely singles out one country in its report pinpointing the biggest threats to the global economy. This means that its decision to focus on Britain is even more worrying.

Ther will be suicides over this. :(

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Guest horace

quote

"The highly-respected economic watchdog ....."

unquote.

Respected by whom? Not me. The IMF is a toothless bulldog whose opinions are worth about as much as a yesterday`s newspaper.

horace. :D

Edited by horace

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  • 301 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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