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eric pebble

Daily Telegraph: Patrick Snowball:

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Daily Telegraph: Patrick Snowball:


And there are more perturbing statistics for the Chancellor to worry about. By the end of 2005, the level of household debt in the UK had reached £1.2 trillion - £30bn more than Britain's GDP. The country's personal debt is said to be increasing by £1m every four minutes.

The shortfall between what we actually save today and what we need to save in order to pay for a comfortable standard of living in retirement - the so-called savings gap - is estimated to be £27bn per annum. This emerging crisis is partly due to macro-economic policy and partly due to the failure of individuals to save.

:P:D Apologies if posted before - but these kind of editorials/articles area all over the place now...... it's just a matter of time....... TIMBER!!!!!

Edited by eric pebble

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Debts are Patrick Snowball(ing) out of control! :lol:

I like your avatar. That was a bad day for me.

Back on topic, it's no wonder people don't save. I worked out that if I wom a million pounds and simply shoved it in the bank, it would generate an income (after tax) of about 35K. How depressing is that? A millionaire, and barely making average money.

Now if they doubled interest rates, of course...

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  • 302 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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