Vince Cable said:
“One in six of the population could not cope with even a modest rise in mortgage payments. Consumer credit is running at 10% a year. With the Bank of England predicted to increase interest rates, a recession could lead to repossessions and people defaulting on their debts. The danger is that this becomes a negative spiral.
from News - Liberal Democrats http://www.libdems.org.uk/vince_cable_responds_to_uk_debt_crisis
No comments:
Post a Comment