Friday, August 22, 2008
Still debt junkies … and it’s getting worse not better
Personal Debt exceeds Britain's GDP (again)
Stephen Gifford, Grant Thornton's chief economist, said: "[..]there is no cause for panic as personal debt is well covered by the UK housing stock'. Great, so nothing to worry about there then.
Posted by montesquieu @ 03:23 AM (981 views)
7 thoughts on “Still debt junkies … and it’s getting worse not better”
Add a comment
- 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
Noodlebike says:
So dont worry, we can all sell our houses at once to mystery buyers and pay back our personal debt and go and live in the woods.
malct says:
http://www.creditaction.org.uk/debt-statistics.html
it_is_going_with_a_bang says:
Covered by the housing stock? Now don’t people need somewhere to live?
cyril says:
so if the value of houses continues to go down much more, technically we are insolvent?
renting2 says:
Unbelievably skewed thinking.
enuii says:
So have we got a 110% mortgage on the UK or not yet?
matt_the_hat says:
I can remember the hooharr when we broke the 1 trllion barrier not so long ago now, lets just slap another 44% on that.