National financial journalism is failing
As usual with stories in newspapers, if one wishes to find the real facts one is well advised to go to the source document. I did this and discovered the figure of total household debt is composed of two elements: unsecured debt excluding student loans, and student loans.
Now, here’s the important bit. While the figure relating to the former has declined, the figure for the latter has soared - and I would argue this is a direct consequence of the Coalition Government tripling university tuition fees.
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Hide AdI regret to say this point was absent from many of the media reports. While the story-line from much of the national press is factually correct, the headline and narrative is in truth distorting and misleading perception.
Once again we are faced with an example of a failing of national financial journalism.
How can society and democracy function to best effect with national newspapers of such poor quality?
Kevin Hey
Castle Road, Colne