The Labour government has been accused recently of being too complacent over public debt levels, with a number of top economists reportedly accusing the Labour party of ‘alarming complacency’ with regards to its failure to provide any explanation with regards to how it is going to reduce the massive mountain of public debt. Eleven of the top economists in the country are said to have signed a letter that accused the government of being irresponsible and complacent. Read the rest of this entry

Just a couple of years ago the crippling base interest rate in the UK meant that many homeowners were unable to keep on top of sky high mortgage repayments, and many others had to default on other unsecured debts in order to ensure that they could keep on top of their mortgage repayments and avoid losing their homes. Read the rest of this entry