According to government figures average household debt is 8,765(excluding mortgages), an average owed by each adult is £27,180(excluding mortgages). . Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,511 per average UK adult at the end of November 2006. Britain's personal debt is increasing by ~ £1 million every four minutes.
While Gordon Brown swans about in India getting a suntan and making vacuous comments on the Big Brother story he seems not to be caring about the UK Economy.
Council taxes are rising again, energy bills are on the up again and his mismanagement of public transport policy results in higher costs for people using trains(hardly a green policy forcing people back into there cars) - Oh and of course the ever worsening fiasco of the Home Office unable even to manage a bit of basic data entry work.
The UK personal debt has exceeded £1 ¼ trillion and as of the end of November 2006 it stood at a massive 1,278bn. Thats a growth rate of 10.4% for the previous 12 months, or you could equate it to an increase of 111bn.
Lending on homes, ie secured lending stood at 1trillion(1,000 billion).
Total consumer lending to individuals in Nov 2006 was 212.1bn. An increase of 6.2% in the last 12 months.
This has been allowed to happen as Gordon cares more for his pals in the city than the voters who put these sleazy people into power. Now he needs to get his narrow vision back onto the UK economic situation rather than burying his head in the sand. One could say looking at this that our Chancellor seems to have a blind spot with regards to the nations debt.
Source: http://www.creditaction.org.uk/debtstats.htm
Tags: Debt, Gordon Brown, Terrorism, Economics,
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