Over 1500 people being made redundant every day

On March 29, 2011, in News, by Lewis Alexander
  • free credit report UK from ExperianThis isn’t exactly the headline that David Cameron wants to see during these tough economic times, especially after his assertion that the private sector would and indeed could create vacancies to make up for local and central government cutbacks.

But at a time when Britons owe £1.4trillion (that’s more noughts than we can even think to draw out in a blog!) and bankruptcies are being declared at a rate of 337 per day, the stats are beginning to look more than a little bit grim.

So without wishing to compound the agony unduly, figures such as the average UK household owing £57,635 and approximately 1,000 Britons turning to various organisations to help them manage their debts are hardly going to help build popularity.

It is likely that the Cameron, Clegg, Osborne axis are sure to blame the previous government, but with the public having short memories, the continual panning of the previous regime has only been tolerated for so long.  As we approach 12 months into this term of government, this ‘honeymoon period’ is coming to an end!

1589 redundancies may not sound like a great number when there are 60 million or so people living in the UK, but when you think this is around 11,000 per week or over ½ a million in 2011, then the numbers really start to hit home.  When these figures are added to the 833,000 Britons who have been unemployed for 12 months or more we really start to see a picture of a country in trouble.

  • So what difference is a neutral budget going to make during such difficult times?

The short answer is that the budget pleased very few.  Hard line capitalists would have wanted to see additional tax breaks for small and medium sized businesses, whilst 99.9% of those who marched on the recent TUC rally would call for more government cash to help create jobs for cash-strapped Britons.

Sitting on the fence is not a common pastime for this blog writer, but with food price inflation standing at 6%, energy prices rising at a higher rate and the cost of a barrel of oil remaining impossibly high, it is hard not to have sympathy for fellow Britons who are watching their quality of life slip back by a year almost every month.

But what does being made redundant and experiencing higher petrol, gas, electricity and food prices actually mean for the man in the street?

  • Well, first up, stating the obvious, if you don’t have any income, paying the bills does become somewhat tough.
  • So that’s where the state come in to help, right?
  • Wrong!
  • State help only really kicks in once you have burned your life savings and are down to the poverty line.
  • Life in the UK is going to get very interesting, that’s for sure!

If you are currently finding yourself worse off with each passing month and in a situation where your household debts are spiralling past the average £57k detailed above then it may be time to join the 1000 people who every day are seeking help with their debts.

One free call to Lewis Alexander on 0800 018 6868 could be the start of better things for you and your family in 2011.  Our debt management specialists are well versed at working with families and hard working Britons who are in debt.  We approach the situation from a new perspective… yours!

Rather than try and sell you a solution we identify your current situation, understand what you are looking to do, before advising on a solution that meets your needs.

If you need help with debt then why not give us a call and see if we can make a difference to the debt situation for your household.  If you are driven to make a difference to your life and have a regular income, then we can help you!

  • Call 0800 018 6868 in confidence today.
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