Main story of one of today’s newspapers says that people, on average, are going to have to spend an extra £800 per year to pay the bills in 2008. They won’t have more income, just more expenditure!
It is OK for those with a job earning a good salary to pay these extra bills, but most people are not in that position. They will have to find the extra money from their current expenditure. People are going to have to give up going out, holidays, clothes etc. Mortgages and rents can easily get in arrears. Bank accounts may go into arrears, causing even more distress and chaos.
This is not just being gloomy. This is real life for many people in the UK.
Tags: arrears, budget, budgets, expenditure, income, mortgage
March 22, 2008 at 4:36 am |
Hi,
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brilliant. .