There Are Bad Times Just Around The Corner

The Council of Mortgage Lenders (CML) has warned that approximately 53,000 homes will be repossessed this year (a 15 year high).

Add in the public sector cuts, rises in taxes (both direct and indirect) and we are going to have a tough time. The smiles and bonhomie of Clegg and Cameron will not be enough to ease the financial pain that will be visited on every household in the UK in the coming months.