HAPPY NEW YEAR?

The US primary elections have featured many politicians claiming that US forces in the Middle East are now in ascendancy; alas the death statistics give the lie to that notion.
"Many Americans and Iraqis feel that 2007 was the year the war in Iraq turned around: the “surge” strategy has pacified large sections of the country; previously hostile factions like those of the cleric Moktada al-Sadr and the sheiks in Anbar Province have dropped their opposition or even sided with American and government forces; and the number of insurgent attacks has dropped steadily. Still, numbers don’t lie: for those in uniform, 2007 was the deadliest year since the invasion. The chart below — compiled from data provided by the American and Iraqi governments and news media organizations (the independent Coalition Casualty Count in particular) — gives information on the type and location of each attack responsible for the 2,592 recorded deaths among American and other coalition troops, Iraqi security forces and members of the peshmerga militias controlled by the Kurdish government. Since the data on Iraqi security forces killed are not reported systematically by the Baghdad government, these numbers have been accrued through news reports; the actual number of Iraqi deaths is likely to be much higher. And, sadly, civilian fatalities in Iraq last year were simply too numerous to represent on a single newspaper page." (New York Times, 6 January) RD

THIS IS COMMUNISM?

Socialists have always maintained that countries like Russia and China that have claimed to be establishing socialism were in fact building up state capitalism, and now a pillar of US capitalism agrees with us that China has nothing to do with socialism.
"The spending choices for China's rich are multiplying as quickly as the world's fastest-growing major economy can mint new tycoons. In the latest sign of China's rising upper crust and its growing appeal to international marketers, Robb Report, a self-declared catalogue of the best of the best for the richest of the rich, is making its pitch here with a Chinese-language edition. The 200-plus-page Chinese monthly, published under the name Robb Report Lifestyle, is packed with news, product placements and advertising that promotes elite brands such as Volkswagen AG's Bugatti sports cars and Lürssen yachts to an audience." (Wall Street Journal, 9 January) RD

THE COST OF HEALTH (2)

"Last month, the Bill and Melinda Gates Foundation donated $19 million to the Drugs for Neglected Diseases Initiative to further one of its goals: finding a new drug for African sleeping sickness. Not that $19 million will come close to doing that. Even if a miracle cure is found, it will take lab work and clinical trials that could easily cost $100 million to prove it is really a miracle and not the Vioxx of the African savannah. But the gift spotlights just how tricky the search for new treatments can be when the disease is fearsome but nearly forgotten because its victims are poor and obscure. ...“Sleeping sickness” is too benign a nickname for human African trypanosomiasis, which is caused by a protozoan spread by biting tsetse flies. When the parasites enter the brain, victims hallucinate wildly. They have been known to chase neighbours with machetes, throw themselves into latrines and scream with pain at the touch of water. Only at the end do they lapse into a lassitude so great that they cannot eat, followed by coma and death. About 150,000 people contract the disease each year, but 50 million people in 36 countries live in areas where they are at risk." (New York Times, 8 January)
How typical of capitalism, we have an awful disease but it is not lucrative enough to provide a cure and anyway the victims are all poor! RD

THE COST OF HEALTH

There is an illusion abroad that the NHS is free and available to all, but in fact like everything else inside capitalism health has a price and the wealthier you are the healthier you are likely to be.
"Drug rationing is essential in the NHS, and ministers should back the National Institute for Health and Clinical Excellence (Nice) which plays the key role in deciding which ones are worthwhile, MPs will say today in a hard-hitting report. The health select committee will call for more appraisals, not less, by Nice, which has been castigated by patient groups and drug companies whenever it has banned a new drug from the NHS. In a report following an inquiry into the workings of Nice and the fierce opposition it provokes, MPs recommend that all drugs should be given a rapid appraisal by Nice at the time of launch. Those that clearly work well enough and are cheap enough - probably no more than £20,000 a patient a year, which is lower than the current threshold - would be provided by the NHS straight away. More expensive medicines would have to go through a full appraisal which could take more than a year. Kevin Barron, the committee's chairman, said that might have the beneficial effect of encouraging some drug companies to pitch their drugs at lower prices. The drug industry was not pleased. "British patients already have worse access to new medicines than others in Europe," said Richard Barker, the director general of the Association of the British Pharmaceutical Industry." (Guardian, 10 January) RD

Blair - politican for hire

Tony Blair has taken a part-time post with US investment bank JPMorgan , one of Wall Street's leading banks, part of JPMorgan Chase & Co, a global financial services firm with assets of $1.5 trillion (£760billion) and operations in more than 50 countries. Blair has been employed "in a senior advisory capacity", the bank said ,

Advising the bank on the "political and economic changes that globalisation brings" according to Blair himself .

It is not known how much JPMorgan will pay him, but some estimates say more than $1m (£500,000) a year. The bank said he had a "unique perspective".

Blair would advise the firm's chief executive and senior management team, "drawing on his immense international experience to provide the firm with strategic advice and insight on global political issues and emerging trends... Our firm will benefit greatly from his knowledge and experience," the bank said.

Blair earlier told the Financial Times he planned to take up "a small handful" of similar roles with other companies in different sectors.
"I have always been interested in commerce and the impact of globalisation. Nowadays, the intersection between politics and the economy in different parts of the world, including the emerging markets, is very strong."

As prime minister he was always a representative of the capitalist class and now , without the need to disguise the fact to the British elector , Blair can openly and shamelessly promote world capitalist interests .

Just information ?

If you or anyone you know has one of the "National Entitlement Cards" that are currently used by most people for concession travel on public transport (1/3 off fares for 16-18 year olds & free bus travel for over 60s and disabled) then it's important that you check out this website:

http://www.jwelford.demon.co.uk/snec.html

Basically, the ID database is being set up with these as the trojan horse for this scheme. Download the report and check out the links. Do a bit of research and you'll see what's going on here.

Whether you are for or against the rise of national databases / ID cards and the like,you should give some thought to this as well - the NHS national database (which may be going EU wide).

This'll enable many thousands of people in NHS and elsewhere to access all your health records - even sensitive stuff like abortions or mental health problems. Crazy stuff.

Check out the Big Opt Out.
http://www.nhsconfidentiality.org/?page_id=3


These links show how the NHS care record and Citizens Account (ID file more like) will be linked:

http://www.gro-scotland.gov.uk/files1/stats/nhscrgb-4.pdf

http://www.gro-scotland.gov.uk/files1/stats/nhscrgb-paper7.pdf

for the paper 7, this part says it all:

4. The issuing of entitlement cards.. was in effect a pilot for the whole CA system.

Some criticism of the seemingly backdoor ID Card here by Sunday Herald reporter:

http://forum.no2id.net/viewtopic.php?t=18182

Good article in the Guardian:
http://www.guardian.co.uk/commentisfree/story/0,,2216772,00.html

This is not just paranoia, don't you agree?

This below is a spoof but could it be the plan, long term?

http://www.visual.basic.freeuk.com/NewProp.pdf

THE DREAMING SPIRES

Whenever we hear of intellectual disputes at Oxford we have this idyllic picture of learned debate on deep philosophic matters, but it turns out instead to be more like a bar room brawl.
"The trials and tribulations of Wycliffe Hall, Oxford, have been many in recent times. The bad times, the arguments and the fire and brimstone all began when the college principal, the Rev Richard Turnbull, gave Britain a startling warning to the effect that 95 per cent of the population was bound for hell and damnation "unless the message of the Gospel is brought to them". Embarrassing newspaper headlines followed that address to religious conservatives, and soon there were blazing rows in cloisters which were more used to the tranquil silent study of theological texts. For months hard-line evangelicals, sticking to biblical chapter and verse, battled with liberals over issues such as hell and homosexuality. Then Elaine Storkey, 64, a female theologian at Wycliffe and contributor to BBC's religious slots, had an incendiary "thought for the day". Dr Storkey, who had been forced to leave the college after crossing swords in the religious wars with Mr Turnbull, decided to demand compensation and sue the Bishop of Liverpool, James Jones, the college president. ...And on it goes. Dr Storkey has accepted around £20,000 from the trustees of the college after it was acknowledged that she had been unfairly dismissed. But she clearly does not intend to leave it there. Instead she has accused Bishop Jones, in his formal capacity as college president, of religious discrimination. But the real target of her ire is the now notorious Mr Turnbull. (Independent, 9 January)
It speaks volumes for the intellectual capabilities of these learned scholars that in a society threatened with world hunger, threats of war and environmental disaster they should choose to debate "hell and homosexuality"! RD

NO IMMIGRATION PROBLEM

Politicians every ready to seek the votes of little-Englanders often speak about the problem of immigrants from abroad coming to this country and causing problems such as housing, medical care and education. We imagine these politicians will completely ignore this type of immigration though. "Lev Leviev, who until a week ago was classified as the richest man in Israel, has joined the growing list of Israeli billionaires who have made their homes in London, where wealthy foreigners are not asked to pay tax on income earned overseas. This month, Mr Leviev officially moved into a bullet-proof house in Hampstead, which he bought for £35m. His near neighbours include several other mega-rich Israeli tycoons who prefer UK tax rates. In Israel, they are liable for tax on all their income, no matter where it is from. ...News of his departure has shocked the Israeli business community and created a political headache for its government, because of the drain of wealth from Tel Aviv to London. Among those who have made their homes in London are Zvi Meitar, the founder of one of Israel's biggest law firms; Benny Steinmitz, a diamond dealer and property tycoon; Yigal Zilka, head of Queenco Leisure International; and the real estate developer, Sammy Shimon." (Independent, 8 January) RD

Disabled Face Poverty

Up to three million people with disabilities in the UK could be trapped in poverty, a study by campaigning group Leonard Cheshire Disability has suggested.

Disabled people are more likely to live in hardship now than a decade ago. The poverty trap is largely due to higher day-to-day living costs for basics needs such as mobility aids, care and transport for people with disabilities which can be up to 25 per cent more than for able-bodied people .

The report, 'Disability Poverty in the UK' finds that disabled people are twice as likely to live in hardship than others. The report says that more than one-third of children living in poverty in the UK live in low-income disabled households.

Mr Parckar warns that while deprivation faced by children and elderly people has received much government attention, the hardship of people with disabilities has not been recognised.

Yet another group of people who suffer poverty . But there should not be league table of "i am more poverty-stricken than thou" and for those who suffer such impoverishment and for those who campaign to eliminate it , be prepared for all those worthy practical proposals by politicians and charity professionals to fall on stoney barren ground .

Blue Monday

A special course is being run to help businesses cope with unhappy workers on the "most depressing day of the year". Experts calculate that 'Blue Monday' will fall on January 21 - the first work day in the last week of January. A team of counsellors from Kirkcaldy in Fife will advise managers of medium-sized businesses on how to spot the symptoms of depression and stress.

Triggers for Blue Monday include the weather and the arrival of the Christmas credit card bill. The formula was calculated from research carried out by Dr Cliff Arnall from the University of Cardiff.
Jeni McCabe from HR consultancy Simple Corporate Resource Solutions said : "Problems can arise with the festivities being over, 'real life' resuming, foul weather, first credit card bills of the year coming through our doors and so on. But in reality these symptoms cause year-round headaches for employers. Our event will help delegates prevent and treat these common workplace ailments. There's no doubt that a happy workforce is a productive workforce."

Every day is a Blue Monday for the world's working class and everyday the capitalist class wants us to be more productive .

Keir Hardie on Migrant Labour

Socialist Courier has previously de-bunked the Keir Hardie myth of his anti-war credentials here and now it is time to dismiss him as a supporter of the international working class and expose his Scots racism .

James Keir Hardie in 1889 said said :-

"Dr. Johnson said God made Scotland for Scotchmen, and I would keep it so" .

Speaking of the Poles at Glengarnock, he said "their habits are very filthy, six or seven males occupying a one-roomed house, and having women to cook for them"

He suggested that the employment of foreigners by British employers should be prohibited, unless they were political exiles or had fled from religious persecution or if they came from countries where the wage rates were the same as in Britain.

Instead of directing his wrath at the capitalist class which exploits and takes advantage of the lack of working class unity , Hardie simply parrots the commonly held mis-conception that it is the poor unfortunate immigrant who is responsible for wage cuts .

Members of the capitalist class don't stay put. They travel freely round the world, from London to Paris, from grouse moor to ski slope, from Caribbean island to Mediterranean cruise, from the chateau in Switzerland to the ranch in Arizona. And no-one dreams of telling them that they can't. Like many laws enacted by the ruling class, restrictions on the crossing of borders really only hit at members of the working class. The apologists for capitalism who try to foment ill-feeling towards "foreigners" landing here, whether they come to escape persecution, or to obtain slightly higher wages, never attack those many members of the upper class who swan about the world as if there were no such thing as state boundaries.

Vultures of War

Young people are being recruited into the Army with misleading marketing . The report, by the Joseph Rowntree Charitable Trust, says that recruiters are targeting children as young as seven .

The advertising campaigns used by the Ministry of Defence "glamorise warfare, omit vital information and fail to point out the risks and responsibilities associated with a forces career", says the study. The report's author, David Gee, said: "The literature available to the young glamorises the armed services but does little to show the dangers recruits may face and even less the moral dilemmas they may face..."

One particularly successful advertising programme is "Camouflage", aimed at 13 to 17-year-olds, which includes a magazine, website and interactive games. The language in the recruiting literature and promotional DVD is so sanitised, a report says, that one brochure, "Infantry Soldier", does not even mention the words “kill” or “risk”.

A common tactic, is to “emphasise the game-playing character of battle to attract children by blurring the boundaries between fantasy and reality”.

The report, "Informed Choice? Armed Forces recruitment practice in the UK", says: “The literature rarely refers to the dangers of combat and never mentions the risk of being killed, seriously injured or chronically traumatised. The absence of the word ‘kill’ suggests a policy decision to avoid it.”

Potential recruits can also be confused or misled in other ways, it says: “A soldier is obliged to serve for at least four years and three months (or up to six years in the case of under18s) with no right to leave once three months have passed. [But] this is omitted from the brochure and video.” The differences between civilian and military life are not made clear, it adds. “Readers are told that there is ample free time and personal freedom.” In reality, the training programme involves “a tough regime of discipline. Trainees face relative isolation from family and friends for several months and can be posted to active service overseas immediately after training.”

Socialist Courier has always stated the only war worth fighting is the class war

ALL RIGHT FOR SOME

The rising threat of mortgage foreclosures and credit card debts has lead some commentators to forecast a gloomy economic future, but this is not a universal view as one up-market manufacturer explains.
"Any talk of a downturn in UK manufacturing seems very distant to Ian Robertson, chairman of Rolls-Royce Motor Cars, the upmarket UK vehicle maker owned by BMW of Germany. In 2007, Rolls-Royce’s plant in Goodwood, West Sussex, is likely to make just under 1,000 cars, a quarter up on 2006, while in 2008 Mr Robertson is pencilling in further growth of at least 10 per cent." (Financial Times, 27 December) RD

AN ILL-DIVIDED WORLD

That we live in a crazy society where millions subsist on less than a $1 a day, while millionaires spend fortunes on crazy whims is well illustrated by this news item.
"One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price another "Inverted Jenny" copy fetched at auction last month. The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified. Heritage Auction Gallerie’s president Greg Rohan, who brokered the sale, said the buyer is the same collector who lost an auction last month in which another "Inverted Jenny" sold for $977,500. Rohan said his client, whom he described as not being a rare stamp collector, was glad to get another chance at the prized misprint. "I suspect he's going to enjoy owning it and showing it to a few close friends," Rohan said." (Yahoo News, 27 December) RD

TEN WASTED YEARS

Socialists have always stressed that supporting schemes of reforms will not fundamentally change the nature of capitalism and here comes an official capitalist institution whose findings back up that view.
"There are 1.4 million children living below the poverty line in Britain, even though at least one of their parents has a job. Despite the changes to taxes and benefits, and the introduction of the national minimum wage, the number of poor children in working households is no lower than in 1997, a report by the Institute for Public Policy Research says. (Times, 3 January) RD

Definitely not for the homeless

House hunting for a new home ??

10. 2 OSWALD ROAD EDINBURGH
Some buyers are looking for a house they can make their mark on, others are looking for a home that has already been renovated to the highest standard. This traditional Victorian stone villa in the perennially popular Grange area is in the latter category. From the outside, it has a traditional appearance, but the inside has been made over with a light, contemporary feel and state-of-the-art fixtures and fittings. It has a cinema room and substantial Victorian conservatory, and a guest flat was recently added above the triple garage.SOLD FOR £3,500,000 (April 07)

9. 37 DRUMSHEUGH GARDENS, EDINBURGH
A former architect's office over seven floors, this property was converted by its former owners into a family home. The house is now one of the biggest in the West End of Edinburgh and includes a fully-equipped gym with stunning panoramic views over the city. The garden looks out on to Dean Village and the Water of Leith, while the front of the house has views of the castle. Converting former offices into top end residential homes is one of the big trends at the top end of the market.Blair Stewart, who is head of residential sales for Strutt and Parker, said: "The beauty of the West End is the easy access to the financial district and to the airport."SOLD FOR £3,500,000 (Jan 07)

8. 22 HERMITAGE DRIVE, EDINBURGH
Buyers are sometimes willing to pay a premium for homes that have not been modernised and renovated to someone else's taste – which is one of the reasons this Edwardian property raised more than a million over the asking price.Properties in Hermitage Drive come on the market rarely and before it went up for sale, Allanton, built in 1904, had been in the same family for 40 years. A fine redstone property, it still retained a lot of the original features but was ripe to be renovated. It also features a ground-floor annexe.SOLD FOR £3,729,500, Oct 2007

7. GREEN GABLES, CALEDONIAN CRESCENT, GLENEAGLES
The fashion here is for huge American-style modern mansions, but there are a few older homes from the 1920s when the street was originally built.Green Gables, a large traditional family home, which dates from that period, is on one of the biggest plots on this private road, which enjoys a peaceful wooded setting.Recently sold, it is likely to be extensively remodelled or perhaps even demolished if the buyers want a home to compete with the vast marble mansions of their nearest neighbours.SOLD FOR £3,750,000 (Sept 07)

6. STRATHEARN LODGE, CALEDONIAN CRES, GLENEAGLES
Caledonian Crescent, overlooking the famous golf course, is the new must-have address for Scotland's multimillionaires.Built in 2004, Strathearn Lodge is, by our reckoning, the most expensive modern home in Scotland. With marble floors and a bright airy feel, it has everything the modern tycoon needs, with four huge bedroom suites, a games room, cinema and built-in three-car garage. Homes in this private crescent benefit from high security, with houses hidden behind huge hedges and electronic gates. SOLD FOR £3,750,000 (Dec 07)

4. WOODCROFT, BARNTON AVENUE, EDINBURGH
There were people who said David Murray had paid over the odds for Woodcroft when he bought it at the end of 2006. But he proved them wrong by selling ten months later at a big profit. The official sale of Barnton Avenue came on the same day as The Scotsman concluded its series of Scotland's most expensive homes in 2006 – so it was too late to make our list. But at the time, it broke all records as Scotland's first £4 million home.The new buyer was rumoured to be an Edinburgh businessman.SOLD FOR £4,500,000 (Oct 06)

5. FORDELL CASTLE, NEAR DUNFERMLINE, FIFE
A Fife property record was set at the end of last year with the sale of 16th- century Fordell Castle, which has been renovated to become a luxurious family home –owning it also traditionally confers the title of Baron and Baroness of Fordell. Set in 210 acres of woodland and formal gardens, it has an imposing great hall and oak-panelled bedrooms. Set in the gardens is St Theriot's private chapel, an aviary and an icehouse. Although both the castle and the chapel are A listed the building has been remodelled and modernised. SOLD FOR £3,850,000 (Nov 07)

3. 1 EASTER BELMONT ROAD, EDINBURGH
Secluded, private and with views across to the Pentland Hills, Easter Belmont Road is one of Edinburgh's most sought after addresses. In the words of Simon Rettie, of Rettie and Co: "This is the most exclusive residential street in Edinburgh."This property, which came on to the market a few months ago, is a large arts and crafts period family home, set in extensive grounds. The property needed renovation but attracted so much interest from buyers that it was able to attract a record price.SOLD FOR £4,875,000 (Sept 07)

2. WOODCROFT, 39 BARNTON AVE, EDINBURGH
The arts and crafts mansion on Edinburgh's "Millionaire's Row" was the first property in Scotland to break the £4 million barrier, when it was bought by Rangers chairman Sir David Murray at the end of 2006. But he never lived in the six-bedroom house, and it was sold ten months later for a £450,000 profit. Barnton Avenue is a secluded, tree-lined street with views over the Royal Burgess golf course. Popular with bankers and industrialists because of its proximity to the airport, it includes many huge family homes.SOLD FOR £4,950,000 (Aug 07)

1. SETON CASTLE, LONGNIDDRY
Built by classical architect Robert Adam using the stones of the ruined Seton Palace, this grand Georgian, 14-bedroom house, formerly owned by the Wemyss family, was extensively refurbished by an Edinburgh entrepreneur, who put it on the market for £15 million, hoping to attract an overseas buyer. After two years, the price was reduced to £7 million and more recently to £5 million, when it was snapped up by Stephen Leach and Heather Luscombe, founders of internet marketing company Bigmouthmedia.The four-storey house has a gallery, library, billiards room, nursery and staff quarters, which include a laundry room and butler's pantry. It is set in 13 acres of wooded parkland, overlooking the Firth of Forth and includes stabling for six horses, a coachman's cottage and the ruins of a medieval mill.SOLD FOR £5,000,000 (February 2007)

The criteria for what constitutes prime property is gradually changing, from homes above £1 million to those costing more than £2 million.

The ragged trousered philanthropists

Workers in Scotland are doing increasing amounts of unpaid overtime and would receive an extra £4517 a year if they were paid for the additional hours they are putting in, according the STUC.
The number of employees in Scotland working unpaid increased by 20,000 in 2007, bringing the total to 436,000. The average amount of unpaid overtime is six hours and 54 minutes a week.
The STUC has calculated that if everyone in the UK who works unpaid overtime did all their unpaid work at the start of the year, the first day they would get paid would be February 22.
The number of employees working unpaid overtime across the UK increased by 103,000 to nearly five million; about one in five of the working population. The average annual value of unpaid overtime in the UK is £4955 per employee.

"..today's figures suggest many people are not even being paid for putting in these extra hours.Workers in Scotland are giving away over £4500 a year in unpaid overtime. That's too much time and money that could be better spent with friends and family..." Grahame Smith, general secretary of the STUC said

The working poor

The Institute for Public Policy Research (IPPR) says 1.4 million children in Britain live in poverty despite having at least one working parent.

Government efforts to tackle child poverty have "forgotten" to help poor parents who work.

Kate Stanley, head of social policy at the IPPR, said the challenge now was "to ensure that work really is a route out of poverty...Tax credits and the minimum wage have 'made work pay' relative to being on benefits, but these don't yet go far enough to ensure more children are lifted out of poverty. More action is needed to combine financial support and measures to boost parental employment with action to deliver fairness on pay and opportunities for progression at work."

Socialist Courier has news for this highly prestigious research institute - the slogan 'a fair days work for a fair days pay' is as old as the hills and for the working class it is a demand that is never fulfilled .

Poverty will end when the wages system itself ends .

A Year of Socialist Courier

Bankrupt Solutions

Scotland's poorest and most vulnerable debtors were yesterday offered their cheapest escape from creditors.
The Scottish Government said it would allow so-called "Ninas" - people with no income and no assets - to declare themselves bankrupt for a fee of just £100.
The new "cheapie" bankruptcy will be available only to people who earn less than £220 a week, the equivalent of 40 hours on the minimum wage, and have less than £1000 in assets.

A capital(ist) solution to the problem of poverty !!

Meanwhile the Independent reports the accountancy firm Grant Thornton predicts the total number of personal insolvencies nationally will jump to at least 120,000 this year, almost triple the equivalent figure in 2004. As many as one third of bankruptcies in the first three months of the year will be caused by "excessive Christmas spending".

Steady increases in the cost of living are expected to tighten the screw. In only 12 months, the cost of filling up a vehicle with unleaded petrol had increased by 16 per cent, which meant the public was having to find an extra £155 a year to fill up the car.
Mr Gerrard , head of Grant Thornton's personal insolvency practice , said: "Coupled with rapidly increasing gas and electricity prices, which are forecast to jump by more than 10 per cent early this year, it's easy to see how those already struggling to pay off credit, particularly those servicing mortgages, are caving in to the pressure." He warned: "I believe personal insolvency numbers will move forward at a much faster pace than anticipated."

Howard Archer, the chief UK economist at Global Insight, suggested that in general people would have to be more frugal this year. "Household purchasing power is likely to be dented by higher energy and food prices over the coming months, while many home owners face having to re-fix their mortgages at significantly higher rates."

But there is always a silver lining inside capitalism since also according to the Independent , the debt collection industry grew sharply last year .There are now estimated to be 5,200 enforcement agents in England and Wales, including 600 county court bailiffs and more than 1,000 unregistered debt collection companies. Since 2003 the size of the industry has almost trebled, growing from £8.6bn of debt sold on to professional collection agencies to £22.7bn by the end of last year. It is forecast to grow to £24.1bn by the end of this year.