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Bankruptcies To Soar In New Year

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Surprised no-one else picked up on this:

Borrowing has slowed but is still rising more than 10% a year. Having smashed the £1 trillion barrier, consumers are continuing to pile up ever more debt. Citizens Advice is seeing more than one million new debt cases a year, most related to unsecured consumer credit.

Lenders are taking steps to curb reckless borrowing. Barclaycard, Egg, Abbey and Co-operative Bank have agreed to share information on credit card borrowers to spot those getting into difficulties. And Barclaycard said it is turning away more than half of applications.

Nick Hood, partner at insolvency specialists Begbies Traynor, said: 'For those who were intending to bail themselves out by transferring their debt from one card to another, the game is up. The normal escape routes have been closed off.'

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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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