State of the nation

**milanbenes** · 12 March 2008, 11:04

wow that is impressive, Britain seems to be the world leader on household debt as a percentage of gdp with a score of 110%

coool, maybe they can make it an olympic sport and we'll get the gold

Milan.

**PAH** · 12 March 2008, 11:05

About time somebody hit the reset button.

Why doesn't the UK declare bankruptcy, wipe all debts and we all start again without credit cards or borrowing beyond your means.

Also restrict house price growth to the rate of inflation, any more and it's a benefit in kind so taxed heavily. We'd still see a 10-20% return each year seeing as that's probably the true inflation figure.

**Cheshire Cat** · 12 March 2008, 12:05

Originally posted by PAH View Post

About time somebody hit the reset button.

Why doesn't the UK declare bankruptcy, wipe all debts and we all start again without credit cards or borrowing beyond your means.

Also restrict house price growth to the rate of inflation, any more and it's a benefit in kind so taxed heavily. We'd still see a 10-20% return each year seeing as that's probably the true inflation figure.

Darling would probably take out an IVA with Brussels and we'll all be paying 80% of our income to Europe.

State of the nation