Property News · November 28, 2013

Debt could trigger next crash, says thinktank


Report suggests urgent action is needed ‘to stop the UK sleepwalking into a major personal debt crisis’A growing band of credit-hungry consumers could trigger another financial crash in 10 years as banks, payday lenders and credit card companies add to the debts of low and middle income earners, a leftwing thinktank has warned.The Smith Institute said policies adopted by the government and regulators since the crash had failed to prevent an escalation of debt among vulnerable younger workers and young families keen to establish a home and live independently. Continue reading…

Source : theguardian.com
Read more…Debt could trigger next crash, says thinktank

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