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.
Ramsgate Festival starts tomorrow I sort of finish the Manston consultation, some old Ramsgate pictures, possible ramble. - Here is the link to the Ramsgate Festival http://ramsgatefestival.org/events/ Next some old pictures of Ramsgate these will probably expand if you click ...
9 minutes ago