UK Household Debt Rising
World Economy

UK Household Debt Rising

A study by Britain’s Trade Union Congress found that consumer credit and student loans was £319 billion ($466 billion) in the third quarter of last year, a record high, Business Reporter said. The total unsecured debt, excluding mortgages, is above the £290 billion peak in 2008 ahead of the financial crisis, said the report. Debt per household increased by £600 to £11,800 in the third quarter of 2015 compared to a year earlier, the research showed. The TUC said the growth of consumer credit should worry the government as a signal that “fundamental problems” with the economy have not been fixed.


Short URL : https://goo.gl/bbubnj
  1. https://goo.gl/dNDPzs
  • https://goo.gl/g60nZr
  • https://goo.gl/GX3tJ1
  • https://goo.gl/fEJ0GQ
  • https://goo.gl/K0HwU6

You can also read ...

 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...