Latest Article: We borrow more money now than ever
Posted by: Imber on Mar 23, 2015
A recent report published has found that people in Britain are borrowing more money now than they have ever before (Even before the recession).
Unsecured debt, increased 9% on the last year, this number has grown now more than before the recession hit us.
George Osborne believes that figures started to grow faster than expected according to the latest economic reports.
With a recovering economy in a post-recession period. British people are now borrowing more than ever before. The study found that this might be referred to the fact that families trust more in their jobs security & prospects. In contrast to figures found years before, oly 1 out of ten people feel fear of losing their jobs as well as less than %20 of British people are worried about not being able to pay their debt back.
The only issue here would be the increase on interest rate could affect people’s ability to meet their financial obligations.
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