National debt hits £1 trillion!

At 5.15pm yesterday, the ‘UK national debt clock’ exceeded £1 trillion of national debt for the first time ever. That equates to £40,000 of debt for every UK household and means that Britain will need to pay £43m of interest this year alone, reflecting the reality that you and I will be paying a personal financial price for many years and perhaps generations to come. I was reading that on top of the national figures, that household debt in the UK is the worst amongst the world’s seven biggest economies, with an average debt figure in the UK of 160% of income…staggering. And at the ‘coal face’ the cost of living continues ever upward, mostly driven by the rapidly rising cost of essentials, such as food (up 5% in 12 months) and fuel, along with a painful VAT increase in the New Year and spiraling oil prices. And on top of all this, I read that the Bank of England is under pressure and poised to increase interest rates in an attempt to address inflation that could well exceed 5%. And what’s more, the economists and people in the know are projecting that things will get a great deal worse and all at a time when Government policy is to continue raising taxes, whilst simultaneously cutting public spending.

In the midst of this financial unrest, there are people who bury their heads in the sand, convinced that all will be ok…perhaps they are right, I hope that they are! Yet personally, I am seeing a fast growing number of my friends and family hitting a wall of financial pain, a significant number going backrupt and most taking aggressive measures to batten down the hatches and weather the storm. Only yesterday I was talking with a fairly senior Teacher who was working shifts at Tesco to keep a roof over her family’s heads and another well paid close friend who has just taken a third job at weekends to keep the wolves from the door.

I’d like to say, thank goodness for network marketing and specifically for Telecom plus PLC (the Utility Warehouse), a Company and business opportunity that has continued to prosper by helping people save money and/or make money. Whats interested me is that people who join the business are mostly not motivated by the stories of Distributors making six figure residual incomes, but instead are grateful for an opportunity to generate an extra few hundred pounds per month part-time. And for those who are determined to take action and not bury their heads in the sand, what a breath of fresh air it is to be able to invite such folk to evaluate (as a financial solution), this business opportunity.

ps. Have you taken a look at the Telecom plus PLC share price recently? The trend paints a compelling picture! [click here for a peak]

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