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Malta – the island with no statistics!!!


For every EU member Country, one can find statistic of how National statistics relates to each citizens. Unfortunately , financial statistics in Malta a lagging, spaced out or actually outdated. It is actually what our Prime Minister, Minister of Finance and the PN administration nightmare. It is the truth that they want to hide from our Workers unions and employers. It is also a deficit carried by our Newspaper reporters and journalist that also avoid asking the relevant questions to keep us informed unlike their colleagues in Europe . Our National Statistics office is devoid of such interesting information on their website although our Government boasts of world class Government IT. The PL is also more concerned with petty issues and devoid of information and statistics to be made public and uptodate. Here is an example of statistics in the UK:

 The Recession By Numbers

Source: Credit Action, debt facts and figures, May 1st 2009

  • £84m is the interest the Government has to pay each day on the UK’s net national debt of £743.6bn. This is projected to rise to £118m a day (£43bn) in financial year 2010 – 2011.
  • Total UK personal debt at the end of March 2009 stood at £1,459 billion.
  • Total consumer credit lending to individuals over the last 12 months ending March 2009 was £232 billion.
  • Average household debt in the UK is £9,280 (excluding mortgages). This figure increases to £21,580 if the average is based on the number of households who have some form of unsecured loan.
  • Average owed by every UK adult is £30,475 (including mortgages).
  • During March 2009 Britain’s personal debt increased by £1 million every 50 minutes.
  • 3,000 people made redundant every day and 1 in 33 people currently in work are expected to become unemployed in 2009.
  • 1 property repossessed every 10 minutes.
  • 1 person declared bankrupt every 4.5 minutes.
  • 33,600 applications for credit have been turned down every day during the past six months.
  • Citizens Advice Bureaux deal with 7,241 new debt problems every day.
  • A recent poll conducted by the Resolution Foundation found that nearly 3 million people earning between £12,000 and £27,000 per year worry ‘all the time’ about their personal finances.
  • We work the first 83 days of any given year just to earn enough money to service the interest on our debts
  • Total credit card debt in March 2009 was £53  billion.
  • The UK collective credit limit on credit cards is £158bn, which is an average credit card limit of £5,129 per person.
  • The average interest rate on credit card lending is currently 17.6%, which is at least 17.1% above current base rate.
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May 20, 2009 Posted by | Gonzi, GWU, Incompetent Malta Government, Malta, Malta Government, Malta Labour Party, Malta Nationalist Party, Malta Newspapers, Malta Prime Minister, Malta Public Broadcasting Service, Malta Unions, Maltese, MLP, PBS, PN, UHM, United Kingdom | , , , , , , , , , , , , , , , , , , | Leave a comment