Staggering >>>>
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I can see the country going along the lines of boom & bust if this carries on much longer.
£1 Trillion on credit beggars belief
Companies & Banks offering credit should be guided by stronger credit laws issued by the government, that sounds a bit "nanny state", but at least it should put the brake on further indebtedness, or the rest of us will have to help out by paying higher interest rates.
Its ok if people have a bit put by, but it is the interest rate that keeps going up for my mortgage that is very worrying.