Economics
Britons’ Mounting Debts Are Making Them Gloomy About the Future
- Statistics office survey shows pessimism about coming year
- Interest on unsecured loans hampering people’s ability to save
A puddle reflects pedestrians, buses, taxis in London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The Bank of England may not be worried about U.K. household debt, but it looks like ordinary people are.
Even though employment, income and spending levels are rising, Britons’ well-being isn’t improving, Office for National Statistics data published Monday showed. That may be due to concerns about rising debt repayments, it said.