The Thatcherite legacy is a paradoxical Conservative Party
There has been a conflict in Conservative Party economic policy for the last thirty years – between conservative values of frugality and the rise of personal debt.
There has been a conflict in Conservative Party economic policy for the last thirty years – between conservative values of frugality and the rise of personal debt.
The Resolution Foundation’s Gavin Kelly and Matthew Whittaker look at whether squeezed households will really borrow more to prop up living standards.
On 3 February, the House of Commons will vote on whether to support the introduction of a series of caps on the amount that payday and home credit lenders can charge for credit. The vote comes at a time when the UK has accumulated one of the highest levels of personal debt in the world. In April last year, British people owed over £1,460bn in private debt.
The Conservative’s use of statistics have again come under scrutiny. Philip Hammond has made an “unfair comparison” of insolvency figures before and after 1997.