The UK’s financialization creates a cycle where rising household debt underpins economic growth, yet undermines financial security. With stagnant wages and rising asset prices, many households rely on debt for basic participation, exacerbating inequality and financial precarity. This self-reinforcing trap threatens economic stability, necessitating urgent policy intervention.
Finance-led growth is fragile and is dependent on increasing debt to sustain economic activity. Mortgages underpin the system, but as households face flooding risks and economic pressures, the reliance on future borrowing can lead to inevitable crashes, as history has shown, underscoring a fundamentally unsustainable model.
No man ever steps in the same river twice, for it’s not the same river and he’s not the same … More
Hoping that I might one day find myself at a point where my life is reflective of the truth that God is my only need. That day will be as the arrival of spring.
A reflection on the story behind the hymn ‘It is Well with my Soul’ and Luke 8. Learning to grow in faith and be transformed by God.
thejoyofrachel 