Times are hard and getting harder. Due to the Credit Crunch (created by the Banks). The rising costs of food and fuel, etc, House repossessions are increasing at an alarming rate and the housing market and values are decreasing. But one or two people have mentioned the fact that people have borrowed well in excess of their ability to repay. (The banks again lending irresponsibly). As a result Gordon brown has come up with a series of measures to help people in trouble. You can read the details here http://www.number10.gov.uk/Page16715. The point of this writing was made by someone who pointed out that if you are on a low/middle income and borrow excessively to finance your mortgage/new kitchen etc, and then get in debt up to the hilt with credit cards and loans, dont worry the Government (taxpayer) will bail you out. If you are on a low/middle income and work extra to get a good standard of living, dont borrow excessively and dont go into debt but live within your means..you get nothing? Comments please!
