UK banks plan biggest squeeze on consumer credit since 2008

Published: 12/10/2017
UK banks plan biggest squeeze on consumer credit since 2008
Source: WWW.THEGUARDIAN.COM

Clampdown on credit cards and overdrafts follows warnings from Bank of England and others of growing debt mountain British banks are planning the biggest squeeze on consumer credit since late 2008, when the economy was in the depths of recession, according to a Bank of England survey. The clampdown follows warnings that Britain’s debt mountain has risen to dangerous levels as households struggle w

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