David McWilliams: People need hope for a better tomorrow
Once we create a system that allows the person to start again, we facilitate the return of hope
On Monday night I went for a pint with an old friend who was distressed. His wife had just lost her job and that meant there was now no way they could pay the mortgage. There wasn't enough money to go around and he explained it was now a case of "the bank or the family". So he is going to stop paying the mortgage and try to negotiate with the bank to see whether he can reduce the monthly payment.
He is, like hundreds of thousands of others, juggling bills around to try to make ends meet. He said he can do this for a while longer, but he needs to see what the bank might offer to work out his next move. He hopes his wife will get another job soon, but the prospects are dim, at best, right now.