Bank of England orders banks to set aside £11.4billion to cover risk of bad debt boom – The Sun
CASH CRUNCH The BoE warned that credit card debt, personal loans and motor finance grew much faster than household incomes HOME buyers are facing tougher borrowing rules when they apply for a mortgage, as the Bank of England raises fears of a debt boom. The BoE today said it will tighten affordability tests for mortgage lending.…