This cutting fell out of the back of a second-hand book I purchased from a charity shop yesterday. I am not an economist but it seems to me the height of folly for a Government to allow a consumer debt load of unprecedented proportions to grow in this country and then relax bankruptcy rules and allow people to walk away from their debts through Individual Voluntary Arrangements.
As the advert above states, an almost unbelievable solution to enable you to walk away from debt. How many living in rented accommodation and with no savings or assets have, are and will be walking away from their debts?
How much of this country's financial problem is being caused by those with no qualms about spending others' money and then effectively refusing to pay it back with the sanction of its Government?
Maybe our problems are not entirely caused by the US sub-prime mortgage debacle.
Out and about in Ramsgate this morning photos - Here are the links to the photos all part of my experiments to put a lot of pictures online easily, note the funny lines on the images because the compres...
5 hours ago