Now about all that personal debt that is hanging around the neck of many folk – If this does not sober us all up nothing will

www.theguardian.com/commentisfree/2017/sep/04/britain-addicted-debt-crash-2007-sub-prime-mortgages-personal-credit

The Guardian has the opinion piece on its web site – see link above

Oh dear and let’s face it we are not really being told anything here that we didn’t really know already yet we still keep on creating more debt. Is this like Brexit in that we are becoming addicted to financially self-harming ourselves?

With thanks to Roy Connell for the lead to this posting.

Household Debt!

www.bbc.co.uk/news/education-38370219

This is probably one of the biggest financial problems facing the UK because at some point our financial systems will recover and interest rates will start to rise. On that basis what will happen to those who are in debt up to their arm pits and have incorrectly assumed that historically minute interest rates are the norm and that they will be in the future.

Some people will sadly be ruined.

With thanks to story spotter Roy Connell

Bootle and its debt crisis

Bootle Crest. This version is fixed to the wall of the Council Chamber in Bootle Town Hall.

Bootle Crest. This version is fixed to the wall of the Council Chamber in Bootle Town Hall.

www.liverpoolecho.co.uk/news/liverpool-news/revealed-true-scale-bootles-debt-12372291

The Liverpool Echo has the story on its web site – see link above

Quote from the Echo article – ‘More people are struggling to pay their debts in Bootle than anywhere else in the north west.

New research reveals the scale of the debt crisis facing the town, which has the fifth highest levels of insolvency in Britain’.

Debt must be up there with poor health (indeed it is a significant cause of ill health) as being a blight on the lives of people. Many politicians have tried to fix the position of the poor, because debt and poverty go hand in hand, but still our society has a significant proportion of it where poverty is an everyday thing.

Our welfare system designed by William Beveridge (and tinkered with by government after government) forms the basis of the safety net to assist those with little yet problems of poverty still persist. Maybe it’s time for a new war on poverty as it will always fuel debt.

Here’s what Beveridge was trying to do, all be it in the first half of the last century:-

en.wikipedia.org/wiki/William_Beveridge

Surely poverty is the greatest social challenge to the UK yet no prominent politician has obviously led a campaign to address it in recent times. Indeed, it was not so long ago that senior politicians in the Labour Party were all but falling in behind the Tories in attacking the poor in an attempt to gain votes from the middle classes. And of course even some Liberals (what would Beveridge have thought of them?) were sucked into what almost became a shameful mainstream political movement against those on welfare.

The longer that poverty and causes and consequences of it are political no go areas for major party politicians the more the poor will be exploited by UKIP and the the far right for their own purposes. It’s time to wake up and smell the coffee all you supposedly progressive politicians, especially those of you who take far too much notice of the rabid right wing press.