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 Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming

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RR Phantom

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Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming Vide
PostSubject: Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming    Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming Icon_minitimeSun Oct 08, 2017 6:58 pm
A surge in household borrowing is paving the way for another financial crisis, according to the International Monetary Fund.

Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming 451FA6FB00000578-4960572-The_Bank_of_England_s_latest_figures_show_British_households_hav-m-12_1507488911554

In a hard-hitting report published ahead of its annual meetings in Washington this week, the watchdog warned of ‘risks down the road’ from rising levels of debt.

And raising the prospect of a new financial disaster, ten years on from the last, the Fund said: ‘Higher household debt is associated with a greater probability of a banking crisis, especially when debt is already high.
http://www.thisismoney.co.uk/money/news/article-4960572/Debt-binge-203bn-threatens-sink-UK-economy.html#ixzz4uxbM8zrT
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Debt binge of £203 BILLION threatens to sink the UK economy as the IMF warns of a new financial crash looming

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