BoE report reveals Britons struggling with debt

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BoE report reveals Britons struggling with debt

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12-16-2008, 03:27 AM

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BoE report reveals Britons struggling with debt

According to the Bank of England’s latest quarterly bulletin, British households are struggling as a result of higher food and utility costs and falling house prices.The report found that disposable income plunged this year for 71% of British households, while the number of people struggling to pay their mortgage or rent is at its highest [...]

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