Britain becomes a nation of debt slaves as regulation and inflation deter saving

"If you think conventional savings products -- like pensions and managed funds -- provide poor value, then just wait till you see how bad the ‘returns' on borrowing are. While instant gratification has come to be regarded almost as a ‘yuman right' in the credit-fuelled consumer societies of the developed world, the costs of that delusion will mount over the decades ahead. Worse still, the Government is actively encouraging young people to take on massive debts before they have any means of repaying them."