We passed this milestone a year ago, but I just read this from the BBC which puts it in context.
What is worrying is that personal debt is rising exponentially, but without the counter of inflation to keep it under control in real terms.
So where will this lead us?
(And how about cancelling the debts of UK consumers, Bono?)
The amount of money Britons owe on credit cards, loans and mortgages has topped 1,000 billion pounds - £1 trillion.
This is equivalent to £17,000 of debt for every man, woman and child.
A trillion pound debt exceeds the whole external debt of Africa and South America combined.
This is equivalent to £17,000 of debt for every man, woman and child.
A trillion pound debt exceeds the whole external debt of Africa and South America combined.
So where will this lead us?
(And how about cancelling the debts of UK consumers, Bono?)
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