Making records

Have you noticed that we appear to be living in a record-making epoch?

By the end of the year, more of us will be declared insolvent than at any other time. Insolvencies are set to exceed the 100,000 annual barrier for the first time ever.

We are the record holders when it comes to borrowing: we are the biggest borrowers in Europe. On average, each of us owes £3,000 in unsecured loans.

There’s a record that we may be on course to beat. And, that’s the one set in 1992 for home repossessions. Currently, our homes are being repossessed at a rate not seen since then (think recession and Black Wednesday).

Wages are falling in real terms and unemployment is rising. Now, where’s my Ian Drury record? ‘Reasons to be cheerful…’