Britain Bank Warns Britons Over Household Debt ; Higher Interest Rates Bring New Challenges

Summary

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UNCERTAINTY over future interest rises and historically high levels of household debt pose "considerable challenges" to UK financial stability, the Bank of England will warn today.

In its twice-yearly Financial Stability Review, the Bank will also raise concerns over the "search for yield" which has seen City players put their money into higher-risk products such as hedge funds in the hope of improved returns in a generally flat market.

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Extract

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Britain Bank Warns Britons Over Household Debt ; Higher Interest Rates Bring New Challenges

With many market-makers adopting similar trading strategies, there is a danger of instability if they simultaneously try t...

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