Another day, another headline about the rise in bankrupcy and debt! Keeping up with the Jones' and an I WANT IT NOW attitude have been blamed
The government is blaming credit card companies, store cards, high interest loans etc, but when are they going to realise that growing interest rates, the reduction in free NHS treatments, student loans and extortionate tax are also contributing to the problem.
Old Tony B was delighted this week that University applications haven't decreased-well done, Tone, there's your next generation of debt ridden twenty somethings!
And then there was the rumour that interest rates are to rise again soon; I am hoping to buy my first house this summer but don't know if the financial risk is worth taking...and for that matter, if I can't opt for free dental health care, can i reduce the amount of national insurance and tax that i pay please? I appear to be paying more and more and getting less and less?!
The Daily Telegraph reported a 20 year low in in high street takings today, due to interest rates and higher living costs, and they asked the question: "Where will it stop?"
Ruth
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