A UK Debt Crisis Is In The Making

4th February 2025

With all of the turmoil surrounding Tariffs it is easy not to pay attention to the rising debt levels in our communities.

Anyone with loans or credit cards being used for every day living should think hard about paying down debt before things get hard.

For mortgage holders - Do you have at least three months payments in savings in case of emergencies like losing your job. Or at least you have paid off your outstanding credit card balances. If not change your spending and saving habits.

Richard Murphy has laid out the facts HERE

The Bank of England regularly updates the debt information and it is not looking good.
Bank of England Data December 2024