Are the Tories planning to bury us in debt when interest rates rise?

Vox Political

It is surprising that they don’t seem to think we can make the connections.

Two articles have leapt from the national media to trouble us this week. The first, in the Telegraph, states that the economic recovery that has made George Osborne so proud is built on mounting consumer debt and a housing bubble.

(This is something that has been known to us for several months, in fact. Osborne’s ‘Help to Buy’ scheme is the principle cause of the bubble, and it was recently revealed that there is no way to slow it down. Let’s not forget that the taxpayer is underwriting the scheme – so when the bubble bursts we will have to pay both as individuals and as a nation!)

The second article is on the BBC News website, which tells us that up to 1.4 million extra households could face “perilous” levels of debt…

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Author: seachranaidhe1

About Me I studied for six months training and became certified in Exam 070-271 in May 2010 and shortly after that became certifed in Exam 070-272. I scored highly in both Exams and hope to upgrade my path to M.C.S.A. ( Server Administrator ) in the near future.I also hold Level 2 Qualifications in three subjects Microsoft Word, Microsoft Powerpoint and Microsoft Spreedsheets. I have also expereance with Web Design using Microsoft Front-Page.

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