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South West Repossessions Rise Above National Average
south west | globalisation | news report Monday October 06, 2008 22:03 by MoneyWatch - SouthWestWatch
SouthWestWatch - While the markets drop our news-stock rises on and on!
From our MoneyWatch desk - and boy-o-boy have they been busy dumping bad stocks and buying gold. However we collared them to give us an update for the South West - and it's bad news folks. The South West is being hit by a wave of repossessions.
As the gleaming spires of Cabot Circus open in Bristol, across the region there are plenty of worried families for whom a day out at the tills is the last thing on thier mind. Recent figures show that as the credit crunch is biting, and as you might expect, repossessions are on the rise, the percentage for the region is much higher than the national average - in some areas of the South West up to 24 precentage points higher!! The national average is 17% and in the South West it is up to 41%!!! This from the Guardian;