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Britain still reliant on debt - Bank of England
The latest figures from the Bank of England show that Britain is still heavily reliant on debt. The total amount of outstanding debt owed by individuals is £1.451 trillion. That astronomical figure can be broken down into two general categories:
• £1.242 trillion of debt is 'secured on dwellings' - this figure includes mortgages, remortgages and secured loans.
Debt: what's around the corner?
Who's borrowing? Who's lending? What can we expect over the rest of the year? The Bank of England keeps an eye on important questions like these and makes a point of publishing its findings to help people understand what's going on in the world of credit.
Its quarterly Credit Conditions Survey gives us an insight into lending and borrowing, telling us what lenders have noticed over the last three months - and what they expect to see over the next three.
Personal debt: a look abroad
It's easy to think that Britain's badly off these days - with all the stories about personal debt, repossessions, unemployment, etc. - but economists do keep stressing the global nature of the problems we're facing.
Let's take a look over the Atlantic, to Canada. A recent poll by Royal Bank of Canada (RBC) shows us how Canadians feel about the debts they're carrying.
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Wary of debt, we're holidaying at home this year
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