My friend was just over in the Midlands off the A14. The housings slump is really bad over there. Everyone is broke and the credit card debt is double the United States. England is sinking fast after all these years of Tony B. and the labor party.
I live in the UK Midlands: I have to add this as a “minority report” on the UK situation:
I have no CC debt, or any debt for that matter. Also a slump, nay an almighty crash in UK house prices would be music to my ears - chance to get a bargain perhaps.