The Tories’ failed model and stagnant economy has encouraged an unsustainable rise in household debt. Labour needs to come up with a viable alternative
Tis the season to whip out the credit card. As I type, millions of Britons are undoubtedly flooding into shops or splashing out online full of festive panic: set spending habits to Defcon Christmas. So apologies in advance for the Scroogefest, but latest figures confirm Britain’s supposed economic recovery rests on a personal debt timebomb. When it runs out is unclear, but run out it will.
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