Tuesday 17 October 2017

It may not be child's play, but we all do need to balance our books

FINANCIAL realities must be faced. There, I've said it. Please don't throw rotten fruit. People with millstone debts can't adopt a Mr Micawber approach, living in the expectation that "something will turn up".

Equally, they deserve help in handling their money problems, and proposed solutions should not include caveats that spread panic. It would be helpful if the Government remembered this.

The Micawber Principle is as relevant today as it was in Dickens's time, when his character explained: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

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