May
25
Makes Money Seem Worthless
posted by enigin in General
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Reading the news today regarding the UK economy, of course the recession and the Governments debt, it really makes money seem worthless.
A headline today stating the UK deficit is lower than previously thought, that the country has had to borrow less, therefore their debt not being as bad, as previously thought. Well obviously that is good news. But the sort of amounts they are talking about just throw all that good news out the window really.
They say that today most households in the UK have a family debt of at least £25,000. A lot of money, an amount that isn’t going to be too easy to pay off and take a bit of time.