The Daily Mail have pointed the finger at the whole of the UK for the debt problems that have caused the Northern Rock crisis.
In her column, Melanie Philips states that she beleives reckless borrowing from consumers was always going to lead to something like this occurring.
She commented: "From the individual consumer living on easy credit to a government presiding over record levels of national debt, we have been kidding ourselves that we can live indefinitely in never-never land."