UK Government Policy Likely To Increase Bank Repossessions
January 18th, 2012Over the last three months we have heard nothing but bad news concerning the UK recession and with the conservative/lib dem governments economic blinkers firmly in position, its anticipated that there will be a much higher rate of bank repossessions in the future as we nose-dive into an almost certain double dip recession. Todays reports testify to their utter failure on economic policy. Mervyn King, governor of the Bank of England is reported as saying that, One has to go back to the 1920s to find a time when real wages fell over a period of six years. Wages are stuck in a rut (that’s if you have a job) and the cost of living is rising sharply, which means that in real terms our income is decreasing.
The harsh austerity measures put into motion by the coalition government are displaying precisely what the labour government warned against and tried to avert. E
Tags: Government, Uk Government