Debt is easy to get into, but difficult to get out of. In 2008-9 the debt crisis was all about people who had borrowed too much on mortgage, and banks which had lent too much. On both sides of the Atlantic that is being sorted out. Gradually people are paying off debts, and taking out [...]
About John Redwood
John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
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