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sasguru
27th June 2017, 12:59
Plunge in UK confidence hits Debenhams, adds to slowdown fears | Reuters (http://uk.reuters.com/article/uk-britain-economy-idUKKBN19I1FG)

The_Equalizer
27th June 2017, 12:59
Plunge in UK confidence hits Debenhams, adds to slowdown fears | Reuters (http://uk.reuters.com/article/uk-britain-economy-idUKKBN19I1FG)

Debenhams? What is this Debenhams you speak of?

BrilloPad
27th June 2017, 13:00
So the UK is not borrowing even more to spend on stuff it does not need.

sasguru
27th June 2017, 13:02
So the UK is not borrowing even more to spend on stuff it does not need.

Sadly no, it's borrowing more than ever just to survive, even as the economy tanks.

No end in sight for debt boom as Brits load up on credit cards (http://www.telegraph.co.uk/business/2017/05/31/no-end-sight-debt-boom-brits-load-credit-cards/)

BrilloPad
27th June 2017, 13:11
Sadly no, it's borrowing more than ever just to survive, even as the economy tanks.

No end in sight for debt boom as Brits load up on credit cards* (http://www.telegraph.co.uk/business/2017/05/31/no-end-sight-debt-boom-brits-load-credit-cards/)

This has been coming since 2008. The solution to too much credit was more credit.

However I still believe the day of reckoning is a long way away.

BlasterBates
27th June 2017, 13:30
The press will really have to stop printing these "remoaner" headlines. The Daily Express was upbeat today about the likelyhood of the EU caving into the UK's demands on EU citizens.

:D

vadhert
27th June 2017, 13:45
Welcome to accelerating Inflation.

Next stop....Venezuela.

Please enjoy the ride

:smokin

BrilloPad
27th June 2017, 13:55
Welcome to accelerating Inflation.

Next stop....Venezuela.

Please enjoy the ride

:smokin

Will benefit the youngsters. The oldies have had it too good for too long.