Household debt 'dangerous' to all, warns BoE official

‘Spiral of complacency’

Julian Marr
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“Household debt – like most things that are good in moderation – can be dangerous in excess” BoE's Alex Brazier
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“Household debt – like most things that are good in moderation – can be dangerous in excess” BoE's Alex Brazier

Household debt poses a danger to everyone in the UK economy, Bank of England (BoE) executive director of financial stability Alex Brazier has warned.

In a speech to the University of Liverpool's Institute for Risk and Uncertainty on Monday, Brazier, who is also a member of the BoE's Financial Policy Committee, highlighted recent developments in household...

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