Friday, July 18, 2008
More debt taking over many more lives
It warns that on average almost £40,000, or more than £100 a day, will be wiped off the value of these homes this year. A typical Middle Britain property will fall 18 per cent between January and December, says the insurance firm AXA and the Centre for Economics and Business Research. Debt advice centres in its 'heartlands' have seen inquiries rise by up to 500%. Those on salaries as high as £70,000, nearly three times the national average, are seeking help.