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Old 09-29-2010, 11:37 PM
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Post UK consumers opted to repay unsecured debt in August

Figures from the Bank of England today revealed that British households opted to repay loans and overdrafts last month. The figures are evidence that consumers are concerned about the uncertainty surrounding the economy and massive spending cuts, opting not to go further into debt. According to the Bank of England, consumers repaid a net 120 [...]

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