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Just heard the latest report on the house repossession prediction for the coming year. It is estimated that 45,000 homes will be repossessed in 2012. The reason for this fairly awful prediction is that people are losing their jobs wholesale and cant meet the payments. The talking head from CML who carried out the survey wished this was an over prediction but sadly its not.
I saw a chap on TV the other night from the train maker in Derby ..Bombardier. He loses his job this Christmas as the contract to build the new UK trains has moved to Siemens in Germany. He is a young man in his thirties with kids and a wife and will now almost certainly lose his house as he has no other means whatsoever to pay for his motrtgage...no other prospect of a job. And he's a nice lad too.
This kind of thing is particularly sad, here we have people who want to work but cant, as opposed to those who dont want to work and dont. Its these guys who want to work who need huge help.
See my post 16...not just a number as Charlie said but a person.
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