According to Price Waterhouse Cooper the accountants. the average household debt is £60,000. £50,000 mortgage, and £10,000 unsecured.With this amount of debt, and
60 or 70% of the economy depending on consumer spending, How can the Government predict an end to the recession this quarter. Although the US has even more debt an unemployment rate of 10.2% and is growing at
3.6%, amazing!