Wednesday, July 26, 2017

Capitalism - the recurring crises

Debt problems seen in the run up to the financial crisis are "rearing their heads" again, the new head of the business select committee, Rachel Reeves, who worked at HBOS during the crisis, has warned. I do worry about the growth of some of those issues we saw in the mortgage market in 2008 now rearing their heads in unsecured lending and in car purchases," said Reeves.

Bank of England's Alex Brazier warned this week that personal loans had increased by 10% over the past year and were now at "dangerous" levels.

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