Average unsecured debt per household stood at £13200 last year – just £100 short of level before financial crisisThe TUC has urged the next government to rob action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago.
Frances O’Grady,the TUC general secretary, expressed alarm at the regular increase in unsecured debt – which excludes mortgages – and called for a higher minimum wage and an end to the tough pay curbs in the public sector.
Continue reading...
Source: theguardian.com