Sadly all governments think they need to fuel growth with debt, so the cycle will continue. Seems to be the only plan they have.
Meanwhile the economy is global, banking control and tax is national.
Then they moan that banks dont lend, but why should they lend if the business plan dosent stack up.
Mortgages will be handed down from parents to kids soon as the terms will have to get longer and longer.
Short term head in the sand politics.
The purpose of politicians is to get re-elected, hence Osbourne's insane house price inflation government backed over committed mortgage plan. Just keep prices up till the next election, then it can all crash again and they'll still blame Labour for it!
1 person, £200k...Oh flip, it's the wife.
96 people and £9.6M here. I presume that this is not mortgage based debt. So £100K per person. I can believe it around here.
712 people
£52.5 million.
😯
Well the circle they drew on the map for my postcode didn't include my house...
Is this just PayPal or overall debt?
To get an idea of just how many of these Debt Relief Orders there are:
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186 households. £12.7 million
176, owing 11.5 million.
It's grim ooop north.
4 owe £380k here. Dunblane is a place of big money in more than one way...
Now't in my postcode DG6 or any in the surrounding area outside it.
Total people advised 959
Total value of new debts £75,149,066.00
Average debt per person (secured & unsecured) £78,361.90
We're all debt free on the Isle Of Man 8)
272 households owing £18.5m here in Southampton eek. 🙁
only 6 here £186000
