The Bank of England says evidence is emerging that risks it identified related to Brexit are beginning to crystallise. One of the risks the Bank identified is high levels of household debt.
The Office for National Statistics (ONS) has released a new report on household debt inequalities between July 2012 and June 2014. While the report is littered with all kinds of interesting data that deals with household debt (outside of mortgages), four points are particularly worth highlighting:
How much debt is too much? When should the Treasury borrow money and when should the Bank of England create new money to finance spending?
In this Keiser Report, Max Keiser interviews Fran Boait, Director of Positive Money about Osborne’s ‘fiscal charter,’ the rise of inequality and its causes.