Sunday, May 14, 2006

BoE debt warning

Observer: Would you credit it? King has just woken up to debt

So Mervyn King, governor of the Bank of England, believes spiralling levels of personal debt are becoming a 'potentially large social problem'. Suddenly the number of people going bankrupt and approaching debt charities for help seems to be sinking in. He has also warned homeowners that house prices seem 'remarkably high'.

Posted by jason @ 02:01 PM (614 views)
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