Maxed-out consumers of concern to Bank of England
(The Guardian Money News)

Governor Mark Carney likely to use financial stability report to highlight risks from rising borrowingWe have heard plenty from the Bank of England´s monetary policy committee of late, with its members divided over how to set interest rates in a post-referendum Britain. The debate centres on when to raise borrowing costs from their record low and whether the economy - and squeezed consumers - can take it.This week it will be the turn of the Bank´s financial policy committee to hold forth. Its twice-yearly financial stability report will be presented by the governor, Mark Carney, on Tuesday and he is likely to use the health check to highlight the problem of consumer debt burdens in the UK. With real incomes squeezed, households have been dipping into savings and maxing out their credit cards. Continue reading...