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Martin Campbell at Interactive Investor writes a fairly explosive article about the growth in lending and the increasing number of people being declared bankrupt in the U.K.. He argues with some force that consumer borrowing is making the economic outlook look better than it really is – and although he blames some of the problem on “Beckham look-alikes” – the figures presented for average debt per household is worrying.

The forthcoming changes to the Consumer Credit Act may go some way to curbing the growth in debt.

Read the full article at Interactive Investor.

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