I find it extraordinary that I pay £350 a month on trains and don’t even get a seat. Yes the price for being a London commuter and living outside is high. This began when the railway being split up and privatised. The Train Operating Companies have to pay the government so much money for running trains & then they have to pay their share holders then they have to make a profit to boost the company.
Last year, over 107,000 people became insolvent with 44,000 people opting for an IVA and 63,000 people choosing bankruptcy.
Figures show that the IVA has a larger growth margin in comparison to bankruptcy as people are still afraid of the social stigma attached to becoming bankrupt.
There is no hiding from the ever-increasing price of living in the UK. Paul from London said “ I was forced to take-out an IVA last month, due to the rise in Utilities and my ever accumulative debt, I did ponder Bankruptcy, but the IVA route seemed far more attractive”
British Gas has increased their prices by 15% in 2008 due to higher wholesale energy prices. Other Gas companies have decided not to increase their prices until the summer (when we are less likely to notice it).
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