الأحد، 8 يناير 2017
UK household debt now a record £13,000, says TUC
Image copyright Thinkstock The average household in the UK now owes a record amount of £12,887, even before mortgages are taken into account, according to the TUC.
Its research was based on figures from the Office for National Statistics (ONS) for the three months to the end of September 2016.
According to the ONS, total unsecured debt hit an all-time high of £349bn at that point.
The TUC divided that number by the total number of households in the UK.
However, its figures are inflated by the inclusion of student loans, which have increased rapidly over the last couple of years.
Last week"s figures from the Bank of England, which exclude student loans, put the total at £192bn up until the end of November 2016.
That is the highest figure since December 2008, but not a record.
"Risk"Nevertheless, officials at the Bank have indicated they are not that worried about debt levels at the moment.
“Interest rates are still very low, and are expected to remain so for the foreseea..