Rate rise will bring ‘major problems with debt repayments’ (Lord Turner)

“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:

Presentation slides here