The number of properties repossessed by mortgage lenders in the UK has risen by 48% in the past year it has been reported .
The number of mortgage holders behind with their payments has also gone up.
That rose by 29% .
One of the most vigorous repossessors has been the Northern Rock bank, now state owned. It revealed this week that its own repossessions had risen by 67% in the past year .
Capitalism expects the system and the government to bail it out but when it comes down to Joe Public requiring financial assistance - no chance .
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
Subscribe to:
Post Comments (Atom)
-
Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria... -
Ecuador's President Rafael Correa said Washington must let him open a military base in Miami if the United States wants to keep using an...
No comments:
Post a Comment