'Second wave' repossession threat

treliac

FallenAngel9898 wrote: »

Although I take no pleasure from people losing their homes, this kind of news is inevitable considering the position the UK is in, unemployment rising, low IR's that only pretty much have one way to go and a government/media determined to encourage people to borrow money and get into more debt, whether that be consumer spending or the housing market.

The debt we are are carrying is as unsustainable as it was 18 months ago, the only difference is it's become a little easier to service due to rate cuts, however these rates aren't going to last, especially over a typical 25 year mortgage.

The ending of the recession at some point won't help either, as we couldn't afford the debt 18 months ago when we were booming, and that is not taking into account reductions in disposable income as taxes rise to pay for the debt.

Govt's chasing its tail to convince us all that things are going to be okay. If it gets them re-elected, then great. If they lose, they will blame the tories when this pack of cards comes down.

Either way, it's the best Brown can hope for - keep the illusion going until next June. As has been said before, he's prepared to sacrifice the country's future if it can get him a mandated term of office.

Thrugelmir

treliac wrote: »

Govt's chasing its tail to convince us all that things are going to be okay. If it gets them re-elected, then great. If they lose, they will blame the tories when this pack of cards comes down.

Either way, it's the best Brown can hope for - keep the illusion going until next June. As has been said before, he's prepared to sacrifice the country's future if it can get him a mandated term of office.

Don't think that the illusion will last till June 2010.

I have an inkling of an autumn election .........

Really2

mewbie wrote: »

He has been Chucky'd and Really'd all day long with similar nit picking.

Has he? As someone stolen your user ID as I am sure you have been nit picking all day. Seem to be losing your point mewbs! You seem to be bear defender then ignore the bulls! Is your new outfit half "super bear" and half emperor’s new clothes. Just that you seem a bit "visible" to me?
(i though bringing names in to it was known as inflammatory?)