Tuesday, Dec 05, 2006

Consumer debt and a possible property crash biggest threats to the UK economy

Free Help Advice: Consumer debt and a possible property cr

The Liberal Democrats have warned that the consumer debt crisis and a possible crash in the housing markets are among the biggest threats to the British Economy. In a briefing ahead of tomorrows pre-budget report, Vince Cable, Liberal Democrats Treasury Spokesman, warned of the threats to the British economy. He said that the biggest threat to the economy is personal debt, which is getting to the levels of debt servicing in relation to peoples income that preceded the recession in the early 1990s. He added that interest rates may be lower, but still people have to repay their debts, which are usually associated with mortgages and 770,000 people missed at least one mortgage payment in the last 12 months.

Posted by matt @ 04:01 PM (444 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies