http://www.creditaction.org.uk/debtstats.htm
Almost 300 people are becoming insolvent each day. The number of UK personal insolvencies continues to increase with 29,804 individuals entering into bankruptcy or an IVA (Individual Voluntary Arrangement) during the final quarter of 2006.
The figures represent an increase of 7.1% on the previous quarter, reaching a total of 107,288 for 2006, up almost 60% from the previous year's figure of 67,584.
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Thats an annual increase of 60% in insolvency.
A chunk of which will be IVAs rather than full on bankruptcy.
There is a house price crash under way in the US and its just started in Ireland. With interest rates up 4 times in a year with more to come there will be one here. The stock market is down and looking shaky. Its been 18 years since the 1989 Boom/Bust... (
http://tinyurl.com/ynk7qn )
Meanwhile Iran is months away from getting a nuclear bomb and the US has placed two carrier battle groups in the gulf. Open skies threatens to become a reality creating great upset in the London transatlantic market and today Gordon will probably add more woe to the tax on air travel.
The market for pilots at the moment is very good.
Where we might be a year from now is less certain.
Be careful before taking on massive new debt.
Good luck(!),
WWW