£19,000 plus of debt per household by 2022 according to Labour
Labour’s John McDonnell today revealed his belief that by 2022 households would be more than £19,000 in unsecured debt, excluding mortgages but including student loans - just to give an idea of the average borrowing dependency outside of borrowing on property. Most likely this isolated statement will bring little comfort to households who already are struggling with existing debts such as mortgages and credit cards that could put their credit ratings under risk. The unsecured