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Realistbear

Personal Bankruptcy Now 1 Every 60 Seconds

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Anyone else feel like this week is turning out to be a bit bearish?

http://uk.biz.yahoo.com/23082006/389/bust-...ebt-crisis.html

Wednesday August 23, 09:36 AM

Can going bust solve the debt crisis?

By Naomi Caine

More and more people are getting caught up in our ballooning debt crisis. One person goes bust every minute of the working day and home repossession applications show the biggest increase since the housing crash of the early 1990s.

The recent rise in interest rates can hardly have helped, especially as it followed record fuel bills and council tax payments.

More than 26,000 people became insolvent between April and June, according to the Insolvency Service. The figure brings the total this year to nearly 50,000. The number of insolvencies is expected to top 100,000 by January.

The Council of Mortgage Lenders reports that repossessions in the first half of the year were up by 76% to 8,140 - and further increases are expected.

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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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