Teresa Perchard, director of policy at Citizens Advice, announced that people who could not pay their utilities bill were entering into unsustainable amounts of debt and widening the margins of social poverty.
Ms Perchard predicted that a debt-free Britain is an unfeasible prospect for the near future while many areas of society remain under the poverty line.
Speaking at the Northern Money Conference 2010, she said: “We go into the next five years carrying a huge amount of debt – not just the national debt, but individuals’ lending is still very great.”
The Bank of England recently found that total net lending to individuals reached £2 billion in January while Credit Action calculated that the average amount of money owed by every UK adult was £30,306, which equates to 129 per cent of the median wage.
I want to thank the blogger very much not only for this post but also for his all previous efforts. I found yourdebtscleared.co.uk to be extremely interesting. I will be coming back to yourdebtscleared.co.uk for more information.
Good info here, I’ve come across a few posts now with similar info. I am currently trying to get debt free, so pages can be a real help.
Debt advice can be hard to get genuine info. Sites like these and government website are the only places to take advice. Forums can be good as well, is there one on this site?
I needed debt help about 21 years ago and there was nothing on the web really back then. Good too see there are plenty of quality sites out there like this one. Is there a forum here? Would be a good place to have one.
fine with me
I agree with everything you posted in this entry, I’m a loyal reader so please keep updating so frequently.
My cousin recommended this blog and she was totally right keep up the fantastic work!
Thanks for good information that comes out to
read.
I NEED THIS INFOMATION.
Thanks so much for sharing such a great post! I’ll deffinately check back more often. It’s really nice to see bloggers put so much effort in their writing. Has anyone else had success with Latisse? I’ve been using it for 8 weeks and TOTALLY see a difference! The silly Med-Spa lady tried to sell it to me for $120! I found a place online to order it for only $12.50. It’s the same stuff, just the generic version, comes in a sealed, shrink wrapped package. I can’t believe what a rip-off those med-spas and dermatologists are running trying to charge $120! for a little tiny tube. If you want to give it a try I ordered from this place http://bit.ly/latisse took about 2-3 weeks to get but worth the savings!
Hey I just found your site on bing and I think it is great, I have personal experience with this and it is great to see it being discussed.