Showing posts with label phoney growth. Show all posts
Showing posts with label phoney growth. Show all posts

Tuesday 30 December 2014

The Real Growth Is Debt.



      The Oxbridge millionaire duo that sit on the thrones in The Westminster Houses of Hypocrisy and Corruption, the Cameron-Osborne parasites, are still crowing about how they fixed the economy, of how we are all doing better, as unemployment is falling. Of course we all know that the employment being created is part-time, low paid, low skill, zero hours contacts, the thousands forced to call themselves, “self-employed” and lets not forget, the thousands who now work for no wage at all, the workfare slave force. 
        The true signs of this “growth” are in the figures. UK family debts are rising much faster than incomes. According to a recent survey, the Avia Family Finance Report, states that typical family income rose by 4% between July and December 2014, while average household debt has rocketed over the last six months from £6,740 to an eye watering £16,260. The debt comes from many sources, family credit card debt rose a staggering 71% from £1,720 to £2,940, personal loan debt went from £1,210 to £2,090, and increase of 72%, while that ever increasing modern commodity, the “pay-day loan” went from an average £350 to £1,290, a 269% increase. Another sign of our growth, is the growth of the overdraft, which over the last six months going from an average of £340 to strangling £1,490, a whopping 338% increase.
       The report goes on to show that while average debt is climbing, the amount we pay to clear that debt is falling. The amount spent since July 2013, on servicing our debt, excluding mortgages, has dropped from £262 to $208 a month. Some of the reasons for the ncreasing debt and the falling paying off of that debt, is simply harder times. Families are paying on average, £571 a month on rent/mortgages and council tax, compared to £514 six months ago. Public transport costs have also seen an increase from £102 to £188 a month, with driving going from £116 to £130. 
      In the real world of the you and I, outside the Cameron/Osborne illusionary world, the predictions are that things will get tougher in 2015.
      A recent Money Advice Service survey found approximately half (47%) are buying cheaper alternatives to their usual everyday products, while 41% are planning to spend less on socialising. A little more than 25% will spend less on presents next year, it also states that 25% will take a packed lunch to work to help cut day-to-day spending. 
        This then is the recovery, this is the growth of the millionaire cabal, and they will continue to carry out the dictates of the financial Mafia and punish the poor and drive more people into poverty as the pursue the ideology of the corporate world. Sweatshop Europe, here we caome. 
Visit ann arky's home at www.radicalglasgow.me.uk