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The recent plateau was caused by lenders increased fear of bank runs (following the recent financial crisis) and reflects reduced desire to lend rather than reduced attempts to borrow by the way (I think). The point is [...]
Saturday, 13 March 2010
The exponential growth of personal debt in the UK
Below is a graph showing the increase in total personal debt (secured and unsecured) between January 1994 and January 2010:
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The recent plateau was caused by lenders increased fear of bank runs (following the recent financial crisis) and reflects reduced desire to lend rather than reduced attempts to borrow by the way (I think). The point is [...]
http://bit.ly/9zrEsf
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The recent plateau was caused by lenders increased fear of bank runs (following the recent financial crisis) and reflects reduced desire to lend rather than reduced attempts to borrow by the way (I think). The point is [...]
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