With the sudden shock of Covid-19, almost all economic activity locally and globally had ceased after February 2020. Only now towards the end of May 2020 have some countries decided to carefully open up businesses, economies and society in returning to normalcy. Much of the idea of a return to normal is linked to the […]
As consumer debt in the UK reaches pre-2008 financial crisis levels within a new low interest rate austerity dynamic, we examine whether there is reasonable cause for concern and how the Government and Bank of England mitigate the risk. Consumer debt is an individual form of debt which is composed primarily of credit card, household, […]