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Household consumption will be pivotal in the resumption of growth, but consumer concerns about rising household debt may but the brakes on spending

By Gavin Kelly and Matthew Whittaker

Abstract

The Office for Budget Responsibility has recently suggested that household debt will rise sharply in the next four years, as households compensate for higher costs with greater borrowing. Gavin Kelly and Matthew Whittaker of the Resolution Foundation examine the impacts that higher levels of debt might have on consumer spending and thus the prospects for a growth-led recovery

Topics: HJ Public Finance, JN101 Great Britain
Publisher: Blog post from London School of Economics & Political Science
Year: 2011
OAI identifier: oai:eprints.lse.ac.uk:36279
Provided by: LSE Research Online

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