megilleland Posted January 31, 2019 Report Posted January 31, 2019 The Slog - 31st January 2019 (extract) New figures out this morning confirm what The Slog has long predicted: around the world, Sovereign debt, neoliberal economics, QE, wild consumer borrowing and State-sponsored wage suppression have produced consumers who can no longer consume, and governments that can no longer protect them. We are well on the way along the outer spiral of a mortally vicious debt circle that will change everything, and destroy the fabric of our societies. The facts laid out below make things look very grim indeed for UK Waspi/2020 women and other vulnerable groups. The research I feature today shows that the fiscal shortfalls, increased utility services costs and personal debt levels ‘push-to-shove’ moment is coming ever-closer…..and at a frightening rate of acceleration. The Research from FairMoney.com unearths truly startling realities about the ‘strong’ economy Theresa May claims to have created. Starting with the costs of getting through this winter, The average winter fuel bill is £288.40 The average Brit needs an extra £73.60 per month The average December credit card bill was £486.10 The average debt value excluding a mortgage is £640.90 Don’t forget, these are only averages: for anyone old, vulnerable, on a fixed income or waiting for State pensions stolen from them under SPA “reforms”, they represent an impossible overheads structure. Happy times ahead courtesy of Conservative policies. Quote
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