Some Stern Words From the Old Lady

Daily MailOctober 25, 2007

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Summary


SPIRALLING debt repayments could push more and more families to the brink of financial ruin, the Bank of England warned.

In a stark assessment of the UK's financial system, the Bank said a 'growing tail of vulnerable households' are feeling the effects of the crisis sweeping through credit markets.

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Some Stern Words From the Old Lady

This summer's collapse in the US sub-prime market has pushed up mortgage and loan rates on th...

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