John McDonnell warns over 'alarming increase' in UK household debt

Labour analysis finds unsecured borrowing could exceed £19,000 per household by end of parliamentJohn McDonnell has said the UK is in the grip of a personal debt crisis with levels of unsecured borrowing predicted to hit a record of £19,000 per household by the end of this parliament.The shadow chancellor said the increase in debt, to more than £14,000 per household this year, was alarming. Continue reading...