Is the situation in the UK really that bad?
Aug 13th 2013, 5:46 am
#526
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Is the situation in the UK really that bad?
"UK Debt Statistics from Credit Action
August 2013
UK Personal Debt
http://www.creditaction.org.uk/helpf...tatistics.html
Outstanding personal debt stood at £1.425 trillion at the end of June 2013.
This is up from £1.421 trillion at the end of June 2012. At the end of June 2013, individuals owed nearly as much as the entire country produced during the whole of 2012.
Outstanding secured (mortgage) lending stood at £1.267 trillion at the end of June 2013. This is up from £1.263 trillion at the end of June 2012.
Outstanding unsecured (consumer credit) lending stood at £157.8 billion at the end of June 2013. This is down from £157.9 billion at the end of June 2012.
Average household debt in the UK (excluding mortgages) was £5,986 in June. This is up from a revised £5,978 in May.
Average household debt in the UK (including mortgages) was £54,067 in June. This is up from a revised £54,034 in May.
The average amount owed per UK adult (including mortgages) was £29,008 in June. This is up from a revised £28,990 in May and was around 117% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,211 in June. This is up from a revised £3,207 in May.
The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,548 in June.
Based on June 2013 trends, the UK's total interest repayments on personal debt over a 12 month period would have been £59.9 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,272 in annual interest repayments.
The Office for Budget Responsibility (OBR) predicted in March 2013 that total household debt will reach £1.931 trillion in Q1 2018. This would mean that average household debt would reach £73,284 (assuming that the number of households in the UK remained the same between now and Q1 2018).
Total net lending to individuals by UK Banks and Building Societies rose by £1.5 billion in June 2013. Net secured lending rose by £1.0 billion in the month; net consumer credit lending rose by £0.5 billion.
UK Banks and Building Societies wrote-off £4.1 billion of loans to individuals over the four quarters to Q1 2013. In Q1 2013 itself they wrote-off £932 million (of which £385 million was credit card debt) amounting to a daily write-off of £10.21m"
It will all end in tears. 5% interest rates anyone? (Not that high, only normal)
August 2013
UK Personal Debt
http://www.creditaction.org.uk/helpf...tatistics.html
Outstanding personal debt stood at £1.425 trillion at the end of June 2013.
This is up from £1.421 trillion at the end of June 2012. At the end of June 2013, individuals owed nearly as much as the entire country produced during the whole of 2012.
Outstanding secured (mortgage) lending stood at £1.267 trillion at the end of June 2013. This is up from £1.263 trillion at the end of June 2012.
Outstanding unsecured (consumer credit) lending stood at £157.8 billion at the end of June 2013. This is down from £157.9 billion at the end of June 2012.
Average household debt in the UK (excluding mortgages) was £5,986 in June. This is up from a revised £5,978 in May.
Average household debt in the UK (including mortgages) was £54,067 in June. This is up from a revised £54,034 in May.
The average amount owed per UK adult (including mortgages) was £29,008 in June. This is up from a revised £28,990 in May and was around 117% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,211 in June. This is up from a revised £3,207 in May.
The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,548 in June.
Based on June 2013 trends, the UK's total interest repayments on personal debt over a 12 month period would have been £59.9 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,272 in annual interest repayments.
The Office for Budget Responsibility (OBR) predicted in March 2013 that total household debt will reach £1.931 trillion in Q1 2018. This would mean that average household debt would reach £73,284 (assuming that the number of households in the UK remained the same between now and Q1 2018).
Total net lending to individuals by UK Banks and Building Societies rose by £1.5 billion in June 2013. Net secured lending rose by £1.0 billion in the month; net consumer credit lending rose by £0.5 billion.
UK Banks and Building Societies wrote-off £4.1 billion of loans to individuals over the four quarters to Q1 2013. In Q1 2013 itself they wrote-off £932 million (of which £385 million was credit card debt) amounting to a daily write-off of £10.21m"
It will all end in tears. 5% interest rates anyone? (Not that high, only normal)
Aug 13th 2013, 11:43 am
#528
BE Forum Addict
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Re: Is the situation in the UK really that bad?
Just as Jimmy Goldsmith predicated on the Charlie Rose Show in 1994.
Barn door . . . Horse.
http://www.youtube.com/watch?v=4PQrz...e_gdata_player
Barn door . . . Horse.
http://www.youtube.com/watch?v=4PQrz...e_gdata_player
I grew up in a generation (I am 67) that used adjectives like First World, Second World, Third World, West and East, North and South, poor, rich, developed, under-developed, developing and more to describe their nations and others. They all have two things in common. First, they are no longer adequate or relevant to describe the world as it is today. Second, they were created by people living in formerly wealthy nations who considered themselves and their ways of life to be superior to others. How did they know they were superior? They knew because they were rich and the others were poor. It was all about money.
Today, many of these "rich" nations are drowning in a sea of debt of their own creation, often dependent on the willingness of the "poor" nations to lend them money so their economies do not collapse, but many still act as if they are superior. They have come up with some new terms. Two popular ones are "emerging economies" (or markets) and "advanced economies" (or markets). These terms will eventually die out too. New categories will be created, but they will be chosen by today's so-called "emerging economies", not just the self-anointed "advanced economies". Perhaps the one thread of continuity with our past will be that the terms chosen will again be all about money. That habit is simply human and knows no national boundaries.
I mention this often in my reports not as an insult to my home nation, the US, or any other formerly "First World" or "Second World" nation. They are all great nations in their own right, but they should no longer consider themselves superior simply on the basis of their past. They also have to come to grips with the present. Many "classes" of humanity understand this shift and have moved globally - the rich in search of comfort or security, the working poor in search of a job, criminals in general, terrorists in general, refugees in general. I think it can be argued that the "criminal class" is the most globalized class on earth as it shows absolutely no respect for national borders and never has.
Re: Debt. Regardless of whether one is debt free, other peoples/organisations debt can have an impact on your quality of life.
Apologies for going off topic a bit.
Aug 14th 2013, 12:10 am
#529
Sloopy Frickenbutt
Joined: May 2006
Location: Its good ere Honest........
Posts: 5,225
Re: Is the situation in the UK really that bad?
As for the dog poop, carn't think that i have stood in any crap 
for years...Altho i see lots of very proud pooper scooper owners, armed with plastic bags carefully depositing said poop in the supplied bins....that are then collected by newly job created, for man in van ....They do say were theres sh...t theres money 
for years...Altho i see lots of very proud pooper scooper owners, armed with plastic bags carefully depositing said poop in the supplied bins....that are then collected by newly job created, for man in van ....They do say were theres sh...t theres money
Aug 14th 2013, 5:51 am
#530
BE Enthusiast
Joined: Feb 2012
Posts: 862
Re: Is the situation in the UK really that bad?
Excellent interview. I'm reminded of something that was sent to me a few years back.
I grew up in a generation (I am 67) that used adjectives like First World, Second World, Third World, West and East, North and South, poor, rich, developed, under-developed, developing and more to describe their nations and others. They all have two things in common. First, they are no longer adequate or relevant to describe the world as it is today. Second, they were created by people living in formerly wealthy nations who considered themselves and their ways of life to be superior to others. How did they know they were superior? They knew because they were rich and the others were poor. It was all about money.
Today, many of these "rich" nations are drowning in a sea of debt of their own creation, often dependent on the willingness of the "poor" nations to lend them money so their economies do not collapse, but many still act as if they are superior. They have come up with some new terms. Two popular ones are "emerging economies" (or markets) and "advanced economies" (or markets). These terms will eventually die out too. New categories will be created, but they will be chosen by today's so-called "emerging economies", not just the self-anointed "advanced economies". Perhaps the one thread of continuity with our past will be that the terms chosen will again be all about money. That habit is simply human and knows no national boundaries.
I mention this often in my reports not as an insult to my home nation, the US, or any other formerly "First World" or "Second World" nation. They are all great nations in their own right, but they should no longer consider themselves superior simply on the basis of their past. They also have to come to grips with the present. Many "classes" of humanity understand this shift and have moved globally - the rich in search of comfort or security, the working poor in search of a job, criminals in general, terrorists in general, refugees in general. I think it can be argued that the "criminal class" is the most globalized class on earth as it shows absolutely no respect for national borders and never has.
Re: Debt. Regardless of whether one is debt free, other peoples/organisations debt can have an impact on your quality of life.
Apologies for going off topic a bit.
I grew up in a generation (I am 67) that used adjectives like First World, Second World, Third World, West and East, North and South, poor, rich, developed, under-developed, developing and more to describe their nations and others. They all have two things in common. First, they are no longer adequate or relevant to describe the world as it is today. Second, they were created by people living in formerly wealthy nations who considered themselves and their ways of life to be superior to others. How did they know they were superior? They knew because they were rich and the others were poor. It was all about money.
Today, many of these "rich" nations are drowning in a sea of debt of their own creation, often dependent on the willingness of the "poor" nations to lend them money so their economies do not collapse, but many still act as if they are superior. They have come up with some new terms. Two popular ones are "emerging economies" (or markets) and "advanced economies" (or markets). These terms will eventually die out too. New categories will be created, but they will be chosen by today's so-called "emerging economies", not just the self-anointed "advanced economies". Perhaps the one thread of continuity with our past will be that the terms chosen will again be all about money. That habit is simply human and knows no national boundaries.
I mention this often in my reports not as an insult to my home nation, the US, or any other formerly "First World" or "Second World" nation. They are all great nations in their own right, but they should no longer consider themselves superior simply on the basis of their past. They also have to come to grips with the present. Many "classes" of humanity understand this shift and have moved globally - the rich in search of comfort or security, the working poor in search of a job, criminals in general, terrorists in general, refugees in general. I think it can be argued that the "criminal class" is the most globalized class on earth as it shows absolutely no respect for national borders and never has.
Re: Debt. Regardless of whether one is debt free, other peoples/organisations debt can have an impact on your quality of life.
Apologies for going off topic a bit.
So very many of them just live life, but so many others particularly in the tabloid UK media, and on expat sites do not believe today that their country/country of origin-is 'superior'; rather to the contrary.
Italics: it is a bit dated isn't it? All of us seek comfort/security, even those who use whatever resource they can possibly get to pay unscrupulous people to achieve it for them.
The 'criminal class' are not international travellers in general. They see enough rich pickings in their own areas.
Perhaps you are referring to media tycoons and the like. Then I'd agree....
I understand your point, but I don't think it has the impact that you seem to believe. If it did, then everyone would have flow on debt. They don't.
Aug 14th 2013, 7:48 am
#531
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Is the situation in the UK really that bad?
I very broadly agree with this, however I don't believe for a moment the UK thinks of itself this way. I'm sure 'The Establishment' still has that attitude, but I have always believed a country is its people.
So very many of them just live life, but so many others particularly in the tabloid UK media, and on expat sites do not believe today that their country/country of origin-is 'superior'; rather to the contrary.
Italics: it is a bit dated isn't it? All of us seek comfort/security, even those who use whatever resource they can possibly get to pay unscrupulous people to achieve it for them.
The 'criminal class' are not international travellers in general. They see enough rich pickings in their own areas.
Perhaps you are referring to media tycoons and the like. Then I'd agree....
I understand your point, but I don't think it has the impact that you seem to believe. If it did, then everyone would have flow on debt. They don't.
So very many of them just live life, but so many others particularly in the tabloid UK media, and on expat sites do not believe today that their country/country of origin-is 'superior'; rather to the contrary.
Italics: it is a bit dated isn't it? All of us seek comfort/security, even those who use whatever resource they can possibly get to pay unscrupulous people to achieve it for them.
The 'criminal class' are not international travellers in general. They see enough rich pickings in their own areas.
Perhaps you are referring to media tycoons and the like. Then I'd agree....
I understand your point, but I don't think it has the impact that you seem to believe. If it did, then everyone would have flow on debt. They don't.
Aug 14th 2013, 10:45 am
#532
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Is the situation in the UK really that bad?
Nowhere it seems do you read things are better. Maybe its all the propaganda of doom & gloom.
From my visits over the past 46 years I have seen leaps & bounds in prosperity compared to the time I left... then again my eyes & ears are not as good as they were 46 years ago or is it simply Britain has become a welfare state.
Are the basic needs & necessities of today about greed (give me more, I want more) other than just having a roof over your head & three square meals a day. I suppose that's why those of us that emigrated 20+ years ago driven to believing we could get a better life rather than staying in the UK. Harold Wilson was a lovely little man as was Thatcher, Blair, Brown, the conlibs ......
Aug 14th 2013, 10:49 am
#533
BE Enthusiast
Joined: Feb 2012
Posts: 862
Re: Is the situation in the UK really that bad?
As for the dog poop, carn't think that i have stood in any crap for years...Altho i see lots of very proud pooper scooper owners, armed with plastic bags carefully depositing said poop in the supplied bins....that are then collected by newly job created, for man in van ....They do say were theres sh...t theres money
for years...Altho i see lots of very proud pooper scooper owners, armed with plastic bags carefully depositing said poop in the supplied bins....that are then collected by newly job created, for man in van ....They do say were theres sh...t theres money 
I was hoping to see some poopy trees on my return (Anglaiterii Caniae Excreterii)
Aug 14th 2013, 10:55 am
#534
BE Enthusiast
Joined: Feb 2012
Posts: 862
Re: Is the situation in the UK really that bad?
In middle Britain & other places I'm sure life goes on uninterrupted. The papers & other media will continually be telling everyone pointing blame at each successive government for all that is wrong - the debt, the immigrants taking jobs from locals or government waste, its officials caught spending or cheating or eating too many pasties & lets not forget the benefit cheats.
Nowhere it seems do you read things are better. Maybe its all the propaganda of doom & gloom.
From my visits over the past 46 years I have seen leaps & bounds in prosperity compared to the time I left... then again my eyes & ears are not as good as they were 46 years ago or is it simply Britain has become a welfare state.
Are the basic needs & necessities of today about greed (give me more, I want more) other than just having a roof over your head & three square meals a day. I suppose that's why those of us that emigrated 20+ years ago driven to believing we could get a better life rather than staying in the UK. Harold Wilson was a lovely little man as was Thatcher, Blair, Brown, the conlibs......
Nowhere it seems do you read things are better. Maybe its all the propaganda of doom & gloom.
From my visits over the past 46 years I have seen leaps & bounds in prosperity compared to the time I left... then again my eyes & ears are not as good as they were 46 years ago or is it simply Britain has become a welfare state.
Are the basic needs & necessities of today about greed (give me more, I want more) other than just having a roof over your head & three square meals a day. I suppose that's why those of us that emigrated 20+ years ago driven to believing we could get a better life rather than staying in the UK. Harold Wilson was a lovely little man as was Thatcher, Blair, Brown, the conlibs......
(Red for Labour. Blue for Conservatives. I knows me' politicks!).
Aug 14th 2013, 10:57 am
#535
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
)
Aug 14th 2013, 11:35 am
#537
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Is the situation in the UK really that bad?
"UK Debt Statistics from Credit Action
August 2013
UK Personal Debt
http://www.creditaction.org.uk/helpf...tatistics.html
Outstanding personal debt stood at £1.425 trillion at the end of June 2013.
This is up from £1.421 trillion at the end of June 2012. At the end of June 2013, individuals owed nearly as much as the entire country produced during the whole of 2012.
August 2013
UK Personal Debt
http://www.creditaction.org.uk/helpf...tatistics.html
Outstanding personal debt stood at £1.425 trillion at the end of June 2013.
This is up from £1.421 trillion at the end of June 2012. At the end of June 2013, individuals owed nearly as much as the entire country produced during the whole of 2012.
Could it be time to abandon the UK ship cos you cant blame the British public for all the problems - we/they just keep voting in the wrong government to ruin all that is British. Maybe folks can emigrate to America since they are already bankrupt or some other place away from doom & gloom Britain to make room for those of us ex-pats to come back home
Well something along those lines as the old saying goes 'Im alright jack'
Tough it out, stand proud & be like the British bull dog
Last edited by not2old; Aug 14th 2013 at 11:39 am.
Aug 14th 2013, 11:57 am
#538
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Is the situation in the UK really that bad?
makes you wonder what it will be 10, 20, 30 years from now.
Could it be time to abandon the UK ship cos you cant blame the British public for all the problems - we/they just keep voting in the wrong government to ruin all that is British. Maybe folks can emigrate to America since they are already bankrupt or some other place away from doom & gloom Britain to make room for those of us ex-pats to come back home
Well something along those lines as the old saying goes 'Im alright jack'
Tough it out, stand proud & be like the British bull dog
Could it be time to abandon the UK ship cos you cant blame the British public for all the problems - we/they just keep voting in the wrong government to ruin all that is British. Maybe folks can emigrate to America since they are already bankrupt or some other place away from doom & gloom Britain to make room for those of us ex-pats to come back home
Well something along those lines as the old saying goes 'Im alright jack'
Tough it out, stand proud & be like the British bull dog
Aug 14th 2013, 12:13 pm
#539
BE Forum Addict
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Re: Is the situation in the UK really that bad?
I very broadly agree with this, however I don't believe for a moment the UK thinks of itself this way. I'm sure 'The Establishment' still has that attitude, but I have always believed a country is its people.
So very many of them just live life, but so many others particularly in the tabloid UK media, and on expat sites do not believe today that their country/country of origin-is 'superior'; rather to the contrary.
Italics: it is a bit dated isn't it? All of us seek comfort/security, even those who use whatever resource they can possibly get to pay unscrupulous people to achieve it for them.
The 'criminal class' are not international travellers in general. They see enough rich pickings in their own areas.
Perhaps you are referring to media tycoons and the like. Then I'd agree....
I understand your point, but I don't think it has the impact that you seem to believe. If it did, then everyone would have flow on debt. They don't.
So very many of them just live life, but so many others particularly in the tabloid UK media, and on expat sites do not believe today that their country/country of origin-is 'superior'; rather to the contrary.
Italics: it is a bit dated isn't it? All of us seek comfort/security, even those who use whatever resource they can possibly get to pay unscrupulous people to achieve it for them.
The 'criminal class' are not international travellers in general. They see enough rich pickings in their own areas.
Perhaps you are referring to media tycoons and the like. Then I'd agree....
I understand your point, but I don't think it has the impact that you seem to believe. If it did, then everyone would have flow on debt. They don't.
RE: Crime. We're not talking petty crime here. Think along the lines of the drug trade, sex slave trade, Yardies, Eastern Bloc criminal gangs, etc.
RE: Debt. Every debt caused by either bankruptcies, private & commercial, every non payment of tax, local or national, every interest payment paid by governments is imbedded into every thing you buy. From a loaf of bread to a four bedroom detached house.