Debt levels across the UK

June 2008
Credit Management;Jun2008, p7
Trade Publication
The article presents the data on total debt levels for towns and cities in Great Britain released by Experian Inc. as of 2008, including debt balances on outstanding mortgages, credit cards, loans and overdrafts. It states that total outstanding balances on borrowing increased by 9.24% over the previous year from £1.061 trillion to £1.155 trillion. However, it is said that the rate of increase in debt growth slowed compared with the year 2007, which was 14%. Meanwhile, Northern Ireland indicated the largest increase per head of 23%, followed by Kensington, Chelsea, Wandsworth, Hammersmith and Wolverhampton.


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