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Speakers

Dr Gertjan Vlieghe, Member of the Monetary Policy Committee

Sian Williams, Director of the Financial Health Exchange at Toynbee Hall

Toby Nangle, Global Co-Head of Asset Allocation at Columbia Threadneedle

Matt Whittaker, Chief Economist at the Resolution Foundation

Torsten Bell, Director of the Resolution Foundation

2 Queen Anne’s Gate

London, SW1H 9AA

9.30-11am

Doors open at 9am when refreshments will be available.

Monetary policy

Housing

Monday 12 February 2018

Causes and Consequences: The role of household debt in 21st Century Britain

The growth in household debt has outpaced growth in household incomes in recent years, putting questions about the causes and consequences of higher debt back in the spotlight.

Should we worry that higher debt means that another credit crisis could be brewing? Or is growing household debt instead an indicator of rising consumer confidence? What is the profile of debt across different households and who is most exposed to rises in interest rates? How sustainable is the UK’s level of household indebtedness?

At an event at its headquarters in Westminster, the Resolution Foundation presented findings from new research on shifts in household debt across Britain. A panel of experts, including MPC member Dr Gertjan Vlieghe, then offered their take on debt, from what it means for the macroeconomy to its impact on individuals and families.