Everyone needs to be aware the UK is about to enter a very serious and dangerous recession possibly like nothing we have ever experienced before
Inflation is rampant because of horrific economic mismanagement by the government during the "pandemic" and reckless money printing
They will tell you its because of some war in a country 50 thousand miles away but that is nonsense
The upshot of all this is that everything has become around 50-100% more expensive in the last 12 months we don't even know how much energy will cost yet this winter
The bank of England is now desperately scrambling around trying to find a way to slow the rate of inflation
One of the ways they do this is by increasing interest rates to put that simply it means they are making borrowing money more expensive, a lot more expensive
I know many gamblers leverage overdrafts and loans to either facilitate sessions or cover up losses in the last 10 years borrowing has been very very accessible and very very cheap so not much of a problem
I am posting this to warn you all now that this era is over within the next 12 months we are going to see a massive increase in the cost of borrowing and it will also become a lot more difficult to secure credit
Would advise anyone to start clearing their debt immediately
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