That equates to £30,185 per capita, which is Phone Number List even more incredible when you consider how much debt the 'average' person really has when you consider that most people I know have no debt at all. At this level of debt, annual interest is around Phone Number List £50.4 billion, or £138 million a day. In March, the OBR predicted that personal Phone Number List debt would hit £2.32 trillion by the end of the year - and interest rates could rise!
To put this in context, our GDP is "only" £1.8 trillion Phone Number List . Crocodiles were in tears and wondered why people didn't save! If the government was serious, they would reintroduce credit controls. No one can buy anything on credit without a Phone Number List 33% cash deposit. This is how you can concentrate. But that won't happen because our Phone Number List economy is firmly built on people going shopping and spending money they don't have.
Why, bankruptcy laws have even been relaxed Phone Number List and they are now even thinking about making banks more lenient with people who can’t pay or pay back huge debts that they foolishly took on in the first place. So, one might ask, in light of this, where Phone Number List does the government think people save their money? In fact, wouldn't it Phone Number List be better for them to just reduce their debt levels?