8.3m people have personal debt problems — it’s a bubble waiting to burst
Personal debt in Britain stands at £200bn and grows by 10 per cent a year. Any increase in interest rates could tip millions over the edge.
Personal debt in Britain stands at £200bn and grows by 10 per cent a year. Any increase in interest rates could tip millions over the edge.
A ‘spiral of complacency’ over consumer debt is posing a huge risk to the UK economy, the Bank of England has warned.
Householders are still relying on the most expensive types of loan, new figures suggest.