Independent UK: Broke Britons put economic recovery at risk

George Osborne is under mounting pressure from Conservative MPs for a change of economic course amid new signs that the squeeze on household budgets is choking Britain's fragile recovery.

Backbench Tory leaders are becoming increasingly jittery about the country's flatlining economy and fear it could cast a shadow over the party's annual conference in October. They are pressing the Chancellor to trail a go-for-growth package in his conference speech to counteract problems beyond his control in the eurozone and the United States.

Anxiety will be increased by a survey published today showing that fewer than half of Britain's 11 million low to middle-income earners have any money left over at the end of the month – another blow to hopes that the economy will pick up after the 0.2 per cent growth seen between April and June.

Tory MPs admit that increasing food and fuel prices and inflation running above pay rises are leaving many families with no spare money for goods and luxuries that could spur the recovery. ...........(more)

The complete piece is at: http://www.independent.co.uk/news/uk/politics/broke-britons-put-economic-recovery-at-risk-2342801.html

I just watched Elizabeth Warren talking about how they tricked people into using money the lenders knew the people would not be able to pay back. Our laws have invited this collapse.