Harder To Avoid Repossession As Poverty Rises In UK

The rather worrying results of the Joseph Rowntree Report were released this week and show that poverty has been rising in the UK since 2004. According to their figures, it is now at the same level as it was in 2000.

Interestingly, the report also highlights that even before the recession, people were stuggling to find work and avoid repossession, which only got worse when the downturn hit. They put the actual turning point (from decreasing to rising poverty) around 2004-05 as this was when both unemployment and property repossessions began to increase. Let’s just hope we can find some of that good old fashioned British Spirit and combine it with Government support to get things looking rosy again.

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