“I think it’s clearly the case that UK has an economic model where every time we start growing, we tend to have a very significant house price inflation and a pile up of debt” , argues the former FSA chief Lord Adair Turner in today’s BBC Radio 4 Today’s program:
LISTEN HERE (6 minutes)
Lord Turner set out his analysis of the household debt problem at the Resolution Foundation’s “Deconstructing Debt” event
Watch here: