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UK PM Says Brits Should Just Pay Off Their Credit Cards

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When UK Prime Minister David Cameron suggested Brits should pay off their credit cards, they didn't like being told that.

Says the Daily Mail:

David Cameron was forced into an embarrassing 11th-hour rewrite of his speech for Conference yesterday after previews provoked claims that he was out of touch with ordinary people's money worries.

The Prime Minister dropped a call for the public to pay off credit card bills following a storm of protest that those in the red cannot afford to clear their debts.

...awkward silence.

...

So? Is he not supposed to talk about that or are they waiting around for him to say the government will pick up the tab?

Anyway, the revision was a subtle one.

He was going to say ‘The only way out of a debt crisis is to deal with your debts. That means households – all of us – paying off the credit card and store card bills.' The speech was instead changed to ‘The only way out of a debt crisis is to deal with your debts. That's why households are paying down their credit card and store card bills.'

Slick.

Sounds to me like someone doesn't have faith in his people to take care of the debts they've racked up. What's so bad about that?



The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: credit card debt Europe topicsTopics General

 

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