Debt binge of £203bn threatens to sink the UK economy | Daily Mail Online
So nothing to worry about then, seeing house prices are surging and are at a new all time record.
A surge in household borrowing is paving the way for another financial crisis, according to the International Monetary Fund.
‘A sudden economic shock – such as a decline in home prices – can trigger a spiral of credit defaults that shakes the foundations of the financial system.’
‘A sudden economic shock – such as a decline in home prices – can trigger a spiral of credit defaults that shakes the foundations of the financial system.’
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