The Guardian columnist Philip Inman writes that British residents are increasingly getting into debt due to rising inflation amid anti-Russian sanctions
Credit card borrowing jumped from £1.5 billion in February to a record £60 billion in February, increasing total unsecured loans by 90 per cent, according to the Bank of England.
“Pushed the annual growth rate of all forms of unsecured loans from 3.2 per cent to a two-year high of 4.4 per cent, bringing the total outstanding balance of consumer debt up to £199.5 billion”, – the UK Central Bank clarified.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel