Wednesday, September 2, 2009

Prudence to Threaten the UK Economy

Rush to pay off debts threatens UK's recovery

"The fragile recovery in the economy, still not officially confirmed, could be damaged by a return to thrift by households". How can people be so foolish, they shouldn't save and reduce their debts, they should go out and spend money they don't have on stuff they don't need - that will make all the problems go away.

Posted by wyldman100 @ 02:11 AM (523 views)
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One thought on “Prudence to Threaten the UK Economy

  • OK, lots of people woke up and realised they were heavily in debt. They paid off some of their cards and reduced their mortgages too thanks to lower rates being charged.

    The people are now in a better financial position – what’s the problem? They didn’t NEED that new block drive or those granite kitchen surfaces or the new Fiesta.

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