Or forced to borrow to keep lifestyles up and make ends meet. I'm pessimistic so this is my view
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Not pessimistic, just reality for many people. Squeeze on real incomes after inflation (esp food). Increasingly the 'modern' JIT zero-hour-contract jobs require training at own expense, like Fork Lift Truck License just for Minimum Wage warehouse. Degree worth less now than 90's
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But blue passports, blue passports
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At least government borrowing has dropped No........wait.......
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DEBT record broken , savings rates on floor , both in interest and amounts banked. In 08 something like this was called a Black Swan event , and why we have austerity today - but at least there was membership of EU as a market. The only solution now is indy for Scotland.
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Yes I can remember 2007 bank runs, Northern Rock building society and the crowds! But the way the UK & EU have been going the last few years (esp since 2015), "Northern Rock" now means something else!
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You’re right. Net-borrowing by households will lead to an economic collapse. Sadly it’s inevitable if the government doesn’t run a large enough deficit.
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note, not the case even in 2006-08 for UK (dis)savers.
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