Britons go bust at rate of one per minute

I expect it's not much different anywhere...

Experts said that many families were finding it
impossible to pay record gas and electricity bills,
mortgage payments and council taxes and thousands
were now throwing in the towel on their finances.
...
Mortgage Lenders said the number of repossessions
in the first half of the year was up by 76 per cent to
8,140. Further increases are expected.
...
"If people think this is temporary, they have been
misled," he said. "We are entering a new era where
personal insolvency is going to be an accepted part
of everyday life. In the past few years there has
been a complete change in people's attitude to
credit and banks' attitudes to people reneging on
debt."

Do you have your donkey yet? It might be a good
idea to do some looking for a nice one with
four-on-the-floor.

Full report. (link repaired)