Edited by Mick McAteer.
Price £9.99. Published 2011
UK personal debt has doubled over the past decade to £1.6 trillion, and is forecast to rise to £2.1 trillion by 2015 (taking the average household debt to £84,365). Total lending is now more than the country’s total output, with “stressed” unsecured borrowing reaching record highs. Do such high levels of indebtedness matter? Which groups are most at risk? How serious will the problem get? Do we have the right regulatory systems and agencies in place to cope with a personal debt crisis? And what alternative policies are on offer to deal with the wider impacts of the UK’s debt legacy? The contributors to this report have expertly grappled with these questions and offer new thinking on debt advice and credit management.
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