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Serie A round-up: Ibra auction

Juventus have turned down what they view as a derogatory 22 million euro offer from Inter Milan for Swedish hitman Zlatan Ibrahimovic. The Nerazzurri are keen to bolster their front line with the unsettled striker but the relegated Old Lady are demanding almost double the amount tabled.

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Bankruptcy by alcopop

Debt for large things is always stacked in favour of the middle classes. I mean fiscally, not physically, large, though beyond a certain largeness you can't really do it on the cheap. You never find anything bigger than a bus in Mr Pound, I have noticed.

This argument was always used as a compelling, though ultimately vain, one against tuition fees - having spent a lot of wind in the 80s, and policy-making in the late 90s, trying to make higher education accessible to poor students, this government turned round with a plan to exclude them with the psychology of economics. How canny; so hard to pin down. Studies show that the poorer your background the more wary you are of debt, so student loans will never be able to sweeten the pill of having to pay for teaching. Automatically, anyone cautious about owing money would be excluded from degree-level education, and yet it would be impossible to blame this on the government since the exclusions were self-imposed.



Bankruptcies and repossessions soar

MOUNTING debts are forcing an increasing number of Cumbrians out of their homes and into the courts as they are declared bankrupt. In the first three months of the year, judges at Whitehaven County Court approved 40 mortgage repossessions and 47 bankruptcies – 147 per cent more than in the same period a year earlier. Carlisle saw 40 declared bankrupt with 27 losing their homes. The figures were part of a Cumbria-wide picture of deepening debts, with 137 people across the county being declared bankrupt – around twice as many as in the first three months of 2005. The crisis has prompted some politicians and debt experts to call for tighter controls on loan companies, some of which are accused of offering credit too freely and charging extortionate interest. The News & Star has this week also uncovered the personal cost of bankruptcy, with many individuals feeling too ashamed to even tell close relatives of their situation.




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