Since the UK is bankrupt and everyone is in debt?

Question

how exactly has their been an Economic Boom ? There never was one, surely !

Answer 1

well pretty much everyone in UK is in debt, even at a very young age, if you go university in the UK especially in a london university like me it cost me £3000 per year to study at uni, plus living cos of living at uni cos me another £3000 and if we complete the whole 3 years thats £18 000 as soon as you come out of uni. but there are some who actually manage to spend £10000 a year just by going out every night!  

The rich can afford this sort of lifestyle whereas the poor who just go more in debt

although the british govermement does offer grants and busery for youngsters at least !

Answer 2

All these fancy cars you see with private number plates on it is all just debt. Look on the bright side IF you have any money left (after taking out a bank loan to fill your car up with fuel) You can get some cracking bargains on eBay at the minute. No one is buying anything.

Answer 3

No the rich have got RICHER and the poor have got POORER.......

Answer 4

Erm, I'm not in debt (Apart from the mortgage, of course).

Answer 5

The UK is very far from being bankrupt, we are in a bad economic period and exaggerating doesn't help

Answer 6

Speak for yourself.

I don't owe anybody anything, and I refuse to buy on credit.

I realised early on that the only people making money were the money lenders.

Answer 7

There was an economic boom but the Government and Bank of England failed to prudently control the money supply and apply restraint to lending. Executives on obscene performance packages made high risk decisions that, like pyramid selling came home to roost when uncertainty crept into the economy. The property market collapse was inevitable when purchase prices exceeded sums that a person on average wages could afford,

Answer 8

i am not in debt only by £180 but thats peanuts to other i dont have credit cards (bit of a bummer when it comes to ebay lol if i dont have the cash i dont need it. I have 4 children and they all have everything they need. Our population is full of greedy people i have a rule in my house if we dont have cash to buy what we want then we dont need it.

There is a difference between NEED and WANT