I just heard on Radio 4 phone in programme, the government is short of money by 90 billion a year.Basically a 90 billion Overdraft exist in some form.
From an individual level, £9,000 short a year,leading to CC spending and interest will do damage in the long run leading to a voluntary agreement with creditors in the long run.
I turn my head in disbelive how we have been plunged into this shortfall, who does the Income and Expenditure for the government.How can it be allowed to grow unsustainable like this as in individuals, but this is government we are talking about?? Money don't just get spent by one person does it??
Even when we come out of the IVA, we'll be in the dark shadow of this!
quantative easing, isn't that why interest rates are so low at the moment? One of my clients tried to explain it to me but I didn't really understand.
Low interest rates now to compensate for higher ones in the future and virtual money being paid into the banks....I'm still none the wiser so an explaination is very welcome johnnybriggs xxx
7 year IVA completed in December 2016 - there is light at the end of that tunnel
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
