Malcolm Hurlston from CCCS, one of the leading consumer advice services, tells me that enquiries on consumer debt related to credit have collapsed (as there’s no new credit), but that household bills are now biting. On their data, since january 2004, gas bills have risen 60%, electricity 40% and RPI for people in need risen 20%. So yesterday’s issue might have been excessive and irresponsible lending. Tomorrow’s will be not enough lending and people being cut off.
Ed Mayo's Blog
the power of co-operation
