If the predicted Year currently being floated as 2019 is arrived at BEFORE the Euro Crashes, then what will become the amended Year for Household Deb't Recovery, AFTER the Euro falls????

The Sky really is the Limit, for ANY second guessing. 2029, 2039, or just plain - whenever????

In the times of 'prosperity' ,my opinion was we cant keep spending like this. The sums didnt add up and it was impossible to become so wealthy in such a short time. A lot of people couldnt see this problem coming including the government who encouraged spending what we didnt have. We are all having to pay now for stupidity.

Its gonna take even longer if we keep running scared from the Euro!

The truth is This Coalition have caused so much idiotic confusion people are now scared. Are the Tory rich kids intelligent ...........read on ??

They decide to raise rents to 80% of the Private Sector , erm wait a minute they are paying 60% of Rents for unemployed , single mums and pensioners. They have lost 10 Billion .........No wonder Labour nearly swept the Board and the Lib Dems nearly wiped out. Danny Alexandra is LibDem so couldnt even he work out that this was utter stupidity ?? The next Elections in May 2013 will see the end of LibDems replaced by UKIP. These tories are two silly etonians playing polotics and havnt a clue what they are doing. Well done Labour for showing them they are making one hell of a mess, votes show that the British Public agree. To give a further 10 Billion to the IMF was crazy , why not pay it off the debt ?? Then force shops to board up fags , just absolutelly stupid ideas from a Government who hasnt a clue what they are doing.

LOL! Why 2019??? Is that when the Tories will officially be out????

governments, huh, people are now borrowing money just to pay energy bills, living with equity is impossible, I did not borrow, I am a fool to myself, why own anything in the first place, everyting is so expensive, I have to sell my equity for quartr price to survive for the moment, god help us all.

I've lost count over the years of friends and acquaintances - homeowners, that is - who have blithely borrowed large sums of money, using their home as security, or have taken out 2nd mortgages - and in most cases not even for necessary home improvements, but to buy a new and fancier car or add an elaborate patio or landscape the garden, or buy umpteen desirable items like enormous plasma teles, state of the art hi-fi and expensive fashionable furniture - none of which are remotely necessary. Then some lose jobs or become poorly and can no longer benefit from a full wage - and in a relatively short time they are struggling to repay the mortgage and routine domestic bills. A number have their homes repossessed, others are forced to sell for less than they owed and end up in grotty council houses - if they're lucky. Yes, the banks could review their lending policies and try to ensure that their borrowing clients are at minimum risk of overextending, but the clients also have a responsibility to review their wants and needs - and start by learning the difference between want and need.

It will be more like 2029 before family debt recovers if Labour is returned to power. The damage they've done to the UK through their 13 years of economic incompetence and failure to regulate the banks is incalculable and will affect us for many years to come.

In combination with a failure of Government the Banks were wholly responsible (or irresponsible) for fanning the flames the 2007/8 property bubble and exhorting people to borrow beyond their means.
Any suggestion that interest rates will now ratchet up in order to satiate their continuing greed is asking for big trouble. I would be tempted just to return the keys.