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Tuesday, April 22, 2014

Shutting The Stable Door

Reforms introduced by the Financial Conduct Authority (FCA) will require borrowers to endure “invasive” inquiries into their spending and lifestyle, including their expenditure on weekly groceries, gym membership etc.

This is all very well and prudent. However, given that the bedrock of the UK economy is the ever increasing value of property and that the debt horse well and truly bolted many years ago, these reforms are somewhat late and counterproductive.

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