Friday, Dec 29, 2006

Economy on the brink of insolvency?

Daily Mail: 'Buy now, pay later' could bring the country to the brink of insolvency

The biggest debt burden of any major economy will push 150,000 Britons into insolvency next year, according to alarming new research. Families have racked up a record 1.3 trillion of debts, fuelled by easy availability of credit, but they face a painful squeeze as borrowing costs mount.

Posted by uncle chris @ 09:04 AM (531 views)
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1 Comment

1. Surfgatinho said...

Squeeze them till they squeak!!

Friday, December 29, 2006 11:21AM Report Comment
 

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