Liberal Democrats in Business
News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum
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Liberal Democrats in Business News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum |
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| Liberal Democrats in Business | <info@libdemsinbusiness.org.uk> |
1 In 4 Will Get More IN Debt To Pay For Christmas12.00.00am GMT Sun 9th Nov 2003 A new survey shows that 27% people are planning to use their credit cards and loans to pay for Christmas this year. Britons plan to spend an average £446 each according to Abbey. Malcolm Bruce MP, Liberal Democrat Shadow DTI Secretary, said: "It is not only the turkey that will get stuffed this Christmas if people rely heavily on credit to fund the festivities." "People would do well to heed the recent advice of Matthew Barrett, the Chief Executive of Barclays, not to pile up debts on credit cards as the borrowing rates were 'expensive'." "With personal debt at records levels and interest rates beginning to rise, people should be extra careful this Christmas that they don't spend beyond their means. The credit card debt hangover could last well into the new year for many families."
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