According to the business section of the Scotsman, debt problems are still rife throughout the UK and threaten to blow up into a serious financial crisis if not dealt with sooner rather than later.
With consumer spending still high and a nation gripped with a buy now, pay later culture the potential for serious economical problems remains great.
Peter Spencer, the Item Club's chief economic adviser commented: "Both as individuals and as a country we have borrowed a huge amount to support this growth. The bottom line is that we are all living beyond our means."