Since 2000 to almost £13,000, which means we spent almost 28 of our disposable income, are earnings after tax, paying off these debts. That doesnt even include the mortgage. There is too much across the board because that is what people are dying and we did it about two thirds of the debt is from an increase in consumer credit. We think these figures are cause for concern and we think these are issues we need to be thinking about going into the worrying year for people when youre expecting to see another Living Standards squeeze. While some types of debt might be rising, the Bank Of England says Mortgage Arrears and loan defaults have been steadily declining. Andy haldane and from the banks of the regulator wasnt worried yet. Although the Household Debt ratio is high by historical comparison, it has come down in a fairly sizeable away, but about 20 percentage points. With Interest Rates set to remain low, regulators are worried that we may be taking on too many debts, which becomes an
Since 2000 to almost £13,000, which means we spent almost 28 of our disposable income, are earnings after tax, paying off these debts. That doesnt even include the mortgage. There is too much across the board because that is what people are dying and we did it about two thirds of the debt is from an increase in consumer credit. We think these figures are cause for concern and we think these are issues we need to be thinking about going into the worrying year for people when youre expecting to see another Living Standards squeeze. While some types of debt might be rising, the Bank Of England says Mortgage Arrears and loan defaults have been steadily declining. Andy haldane and from the banks of the regulator wasnt worried yet. Although the Household Debt ratio is high by historical comparison, it has come down in a fairly sizeable away, but about 20 percentage points. With Interest Rates set to remain low, regulators are worried that we may be taking on too many debts, which becomes an