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Household debt touched a record high of £1.43 trillion in October, surpassing the levels seen at the start of the financial crisis.
Amid renewed concerns that Britain’s economic upturn is being fuelled by debt, Bank of England data yesterday showed total net lending in the UK increased by £1.7bn in October, following an rise of £2.2bn in September. Including mortgage payments, Britons now owe a total of £1.4296 trillion, or around £22,000 for every man, woman and child in the UK. The previous high was £1.4294 trillion in September 2008, when Lehman Brothers collapsed.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10483191/UK-mortgage-approvals-near-six-year-high-in-October.html
Amid renewed concerns that Britain’s economic upturn is being fuelled by debt, Bank of England data yesterday showed total net lending in the UK increased by £1.7bn in October, following an rise of £2.2bn in September. Including mortgage payments, Britons now owe a total of £1.4296 trillion, or around £22,000 for every man, woman and child in the UK. The previous high was £1.4294 trillion in September 2008, when Lehman Brothers collapsed.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10483191/UK-mortgage-approvals-near-six-year-high-in-October.html
