TheCountOfNowhere Posted January 4, 2016 Share Posted January 4, 2016 (edited) http://news.sky.com/story/1616472/uk-borrowing-grows-at-fastest-rate-in-decade "UK Borrowing Grows At Fastest Rate In Decade" So much for austerity Edited January 4, 2016 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Quote Link to comment Share on other sites More sharing options...
Motor_Blade Posted January 4, 2016 Share Posted January 4, 2016 Christmas doesn't pay for itself does it? These figures were attributed to a combination of Christmas & Black Friday spending on BBC news a few minutes ago. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted January 4, 2016 Share Posted January 4, 2016 ......and the BBC suggests it is more signs of the recovery FFS. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 ......and the BBC suggests it is more signs of the recovery FFS. Yes, debt is always a sign of how wealth people are. I've poor, I only have money in the bank. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 4, 2016 Share Posted January 4, 2016 Great news for GDP. More borrowing equals more growth now.... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 4, 2016 Share Posted January 4, 2016 Three more years! Three more years! Quote Link to comment Share on other sites More sharing options...
Errol Posted January 4, 2016 Share Posted January 4, 2016 This game of pass the parcel is getting nearer to its inevitable conclusion. There is no escape. Quote Link to comment Share on other sites More sharing options...
R K Posted January 4, 2016 Share Posted January 4, 2016 This game of pass the parcel is getting nearer to its inevitable conclusion. There is no escape. Early phase of a new credit cycle? Yep I reckon so too. Quote Link to comment Share on other sites More sharing options...
sikejsudjek Posted January 4, 2016 Share Posted January 4, 2016 Its Jeremy Corbyn's fault. So is the bad weather. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Its Jeremy Corbyn's fault. So is the bad weather. Considering he's never been in power and was scarcely heard of 6 months ago, he's cause a lot of f**king bother. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 4, 2016 Share Posted January 4, 2016 Three more years! Three more years! His usual MO... Does Mark Carney know what he’s doing? http://www.canadianbusiness.com/business-strategy/does-mark-carney-know-what-hes-doing/ Carney’s Legacy: Canada’s Credit and Housing Bubble http://www.acting-man.com/?p=28004 Quote Link to comment Share on other sites More sharing options...
durhamborn Posted January 4, 2016 Share Posted January 4, 2016 Savings ratio 4.4% Lowest since the 60s. Job almost done.People cant save due to low income or the welfare system making saving worthless.Only way to access money is debt. Given pensions saving must be quite high among some groups that 4.4% looks like most people from the middle downwards are saving zero. Still MEWing all that equity will save the day Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Can anyone remember what happened nearly a decade ago ? ( is it really that long !!! ). Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 Savings ratio 4.4% Lowest since the 60s. Job almost done.People cant save due to low income or the welfare system making saving worthless.Only way to access money is debt. Given pensions saving must be quite high among some groups that 4.4% looks like most people from the middle downwards are saving zero. Still MEWing all that equity will save the day I save, but then, I'm not an improvised mortgage owner. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 4, 2016 Share Posted January 4, 2016 let me think....so you either have both equity and pensions, you have equity a pin money pension at ~70 or no equity, no savings, no pension, only hope... .....borrow now to create equity so hopefully you can one day live by spending your house. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 4, 2016 Author Share Posted January 4, 2016 let me think....so you either have both equity and pensions, you have equity a pin money pension at ~70 or no equity, no savings, no pension, only hope... .....borrow now to create equity so hopefully you can one day live by spending your house. And the people supporting the equity ? Quote Link to comment Share on other sites More sharing options...
wonderpup Posted January 4, 2016 Share Posted January 4, 2016 Some 'expert' on radio four is calling this good news for the 'economy'. I love the cognitive dissonance on display here- when the Government runs up debt it's a disaster but when joe public does the same thing it's a quivering mass of green shoots. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 4, 2016 Share Posted January 4, 2016 And the people supporting the equity ? This is not advise. Quote Link to comment Share on other sites More sharing options...
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