What are the authorities doing?

The Bank of England & the Chancellor Alistair Darling, believe and base their principles on people spending money (i.e. expenditure) someone else receiving money (i.e. income). With the consumers failing to do so, this has left a gap which needs to be filled in the private sector, because this will only produce more fear and have a negative effect on the economy, and there will be more redundancies and more people being repossessed.

The Pound has dropped against the Euro and the Dollar; this does give an advantage to the UK Exporters in the world markets. It also helps to bring more tourism to the UK.

The government is increasing their spending and making tax cuts, the government does this by borrowing money, which we as individuals will have to repay in years to come. The monetary policy committee decided to cut interest rates to 0.5% which is the lowest in the history ever recorded, since the Bank of England was founded in 1694. But this has not slowed the increasing number of repossessions, and more people are now turning to quick property sale companies for help, before they get to this stage.