Britain in the Red
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Why we need action to help over-indebted households.
An extract from the Trades Union Congress report
Executive summary
It is now over eight years since the onset of the global financial crisis and the Great Recession. Private indebtedness is widely understood as a major underlying cause of the crisis, as high-risk loans and sub-prime mortgages fatally undermined the stability of major financial institutions. While there has been a good deal of emphasis since 2008 on the household elements o...
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