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TheCountOfNowhere

Uk Borrowing Grows At Fastest Rate In Decade

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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.

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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.

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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 :lol:

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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 :lol:

I save, but then, I'm not an improvised mortgage owner.

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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. ;)

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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 ?

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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.

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