Sunday, September 06, 2009
UK public debt worse than USA
It's reported in the Press that UK national debt will reach c. £1 trillion by the end of the year, and when the Office of National Statistics adds-in the cost of bank bailouts to Lloyds TSB and Royal Bank of Scotland, the total should be £2.5 trillion. This will make our position worse than that of the United States, as shown in the graph below.
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Scottish Trust Deeds are an alternative to bankruptcy or sequestration. Under Scottish Law, you may qualify for protected Trust Deeds Scotland which is a legally binding agreement that provides Scottish residents with a way to repay their debts based on what they can afford. If you qualify, you could have up to 90% of your debts written off and pay the remainder in 36 affordable monthly installments, leaving you totally debt free.
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