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Opinion

The apex of the UK consumer debt cycle

The apex of the UK consumer debt cycle
March 18, 2016
The apex of the UK consumer debt cycle

BoE figures show that unsecured lending (excluding mortgages) increased at its fastest pace in a decade in January, up 9.1 per cent in a month to £1.6bn. Not only that, but mortgage approvals hit their highest levels for two years in January, with £13.9bn lent out to 74,581 people.