Unsecured borrowing could exceed £19,000 per household by 2022. The prediction comes from Labour Party's analysis of official data. It claims average household debt has risen from £10,921 in 2010 to £14,426 in 2017.
Labour analysed data from the Office for National Statistics and Office for Budget Responsibility. It has predicted that if household debt follows the current trajectory, it will increase to £15,035 next year and potentially to £19,146 by 2022.
Labour obtained its figures by averaging the total amount of unsecured debt across all households.
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