Whilst i was in the Pub at Lunch Time today, i picked up the 'The Independant' Paper by the Bar. And came across an interesting read.....


The British passion for plastic has cooled with credit card borrowing falling to £97bn – its lowest level since 2005 – and the number of cards falling by 1.5million to a seven-year low of 60 million.
Today's Consumer Credit Confidence survey by the accountancy firm PricewaterhouseCoopers will also show a sharp fall in unsecured borrowing generally. Household borrowing has tumbled by £500 per household over the past year. And the survey will say that borrowing should fall by a further £200 per household in 2011 – a contraction of between 2 to 3 per cent – as consumers continue to pay back loans and those seeking new borrowing find it hard to...Article from The Independant