Dear All
The true cost of New Labour financial mismanagement is now bubbling to the surface as the number of Scots going bust soars to record levels.
At a time of record unemployment the numbers of Scottish people going under in the financial crisis steadily mounts.
In the first three months of the financial quarter 6,294 personal insolvencies either by way of bankruptcies or protected trust deeds.
Where is the help that the Labour Government promised?
This simply isn’t about people going bust but also people losing their homes who cannot afford the mortgages.
This figure represents an 11% rise on the previous quarter- and a 33% rise on the same period last year and things are going to soar higher as the full impact of the recession bites.
In order to find some protection and respite people are using the Protected Trust Deed to have breathing space, this was used by SNP Councillor James Dornan during his financial troubles.
Luckily for James Dornan; he through hard work managed to pay off his creditors and get his life back on track.
Others however will be less fortunate in that regard.
The Labour Government has failed to regulate the banking system and it was only a matter of time before everything came crashing down.
Credit was lent too cheap and the bubble grew and grew, despite warnings New Labour failed to act.
If the Westminister Government does not introduce real help soon then many more people will suffer and their families too!
Not only are people going to the wall on debt but also Scottish Companies are going down as well and this is with all the money ploughed into the banking system by the UK taxpayer.
It is increasingly clear that Gordon Brown and the Labour Government will not act to save small business.
This country needs a General Election now.
Yours sincerely
George Laird
The Campaign for Human Rights at Glasgow University
The true cost of New Labour financial mismanagement is now bubbling to the surface as the number of Scots going bust soars to record levels.
At a time of record unemployment the numbers of Scottish people going under in the financial crisis steadily mounts.
In the first three months of the financial quarter 6,294 personal insolvencies either by way of bankruptcies or protected trust deeds.
Where is the help that the Labour Government promised?
This simply isn’t about people going bust but also people losing their homes who cannot afford the mortgages.
This figure represents an 11% rise on the previous quarter- and a 33% rise on the same period last year and things are going to soar higher as the full impact of the recession bites.
In order to find some protection and respite people are using the Protected Trust Deed to have breathing space, this was used by SNP Councillor James Dornan during his financial troubles.
Luckily for James Dornan; he through hard work managed to pay off his creditors and get his life back on track.
Others however will be less fortunate in that regard.
The Labour Government has failed to regulate the banking system and it was only a matter of time before everything came crashing down.
Credit was lent too cheap and the bubble grew and grew, despite warnings New Labour failed to act.
If the Westminister Government does not introduce real help soon then many more people will suffer and their families too!
Not only are people going to the wall on debt but also Scottish Companies are going down as well and this is with all the money ploughed into the banking system by the UK taxpayer.
It is increasingly clear that Gordon Brown and the Labour Government will not act to save small business.
This country needs a General Election now.
Yours sincerely
George Laird
The Campaign for Human Rights at Glasgow University
1 comment:
It is a very informative post you got there,about Scottish Trust Deeds. I am sure it will help a lot of people who are seeking help on deeds. Looking forward to see more like these from you.
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