UK credit binge pushes debt above 500% of GDP

Heather Stewart, “UK credit binge pushes debt above 500% of GDP,” The Guardian, 19 January 2012

An international study found Britain had the highest level of debt after Japan, that the debt had risen over the past three years to more than 500% of national output, and that on current trends it would take until 2020 for UK households to return debt levels to the pre-bubble trend. …
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