Housing Equity Withdrawal at a whopping -5.7 billion

[BrilloPad]

Can you lot not talk about anything remotely upbeat?!

You want upbeat? try housepricecrash.com

HTH

[AtW]

Can you lot not talk about anything remotely upbeat?!

Buy your hubby a crate of Stella if you like the upbeating stuff

[dang65]

the net result is bad for the pound and the economy

Maybe we should just have this conclusion stamped on the end of every single news item that's published till around April 2013 or so. It's bound to apply to most of them I expect.

[Mich the Tester]

Surely this is good news in the long term; people are paying off their debts. At this rate, Britain could pay off it's debt mountain within the next 200 years!

[AtW]

people are paying off their debts.

This debt "payoff" is probably due to repos. I think if we look at credit cards stats will be different - people are probably shifting to higher interest debt.

[bobhope]

Oooooh cheerful times!!!

Merry Xmas to all!!



Can you lot not talk about anything remotely upbeat?!

This is upbeat. Relentlessly borrowing money you can't afford to buy stuff you don't need was mindless. The end of that is good news.

[Purple Dalek]

This debt "payoff" is probably due to repos. I think if we look at credit cards stats will be different - people are probably shifting to higher interest debt.

AtW is spot on.

[Doggy Styles]

AtW is spot on.

And his stella comment was amusing as well.

[AtW]

And his stella comment was amusing as well.

I am getting better at this "humour" thingy, eh?

[Doggy Styles]

I am getting better at this "humour" thingy, eh?

You've always been good. Tell us the one about the euro again.