CITY VIEWS: GIVEN BANKRUPTCIES ARE DOWN, DO YOU THINK PEOPLE’S FINANCES ARE STARTING TO RECOVER?

KEITH VALENTINE | AXCO INSURANCE INFORMATION SERVICES

“People are beginning to find things a little easier, and are feeling a bit more confident. I have noticed some small price increases, which might make it hard for some, but I think people are generally feeling better in themselves. But if people are struggling, I don’t think we’ve got away from the idea of easy credit just yet – they need to show personal responsibility.”

KIERON MCGAHAN | LONDON METROPOLITAN UNIVERSITY

“The situation seems fairly similar to how things were last year, with people struggling to pay bills. The government needs to put more pressure on lenders to be more flexible on repayments so that it’s easier for people to cope.”

SANTOSH NEPAL | CMA SHIPS

“I think we are still in the middle of the recovery, and people are still finding it hard. Banks are not lending enough, which is stopping people and smaller businesses from growing. Though I think there needs to be more regulation in the personal loans sector.”