article_snippet.sent: Families in UK UK are more indebted than those in many other major developed nations, said the International Monetary Fund –
article_snippet.sent: mainly due to borrowing to buy expensive homes.
article_snippet.sent: Families in UK are more indebted than those in many other major developed nations, said the International Monetary Fund .
article_snippet.sent: ‘High debt levels in the private sector continue to hinder growth and financial stability,’ the IMF’s Global Financial Stability Report said.
article_snippet.sent: Gross household debt in Portugal and the United Kingdom is projected to remain high compared with that of other advanced economies.
article_snippet.sent: Soaring house prices have pushed up household debt in Britain in recent years
article_snippet.sent: IMF figures showed household debt in the UK was worth 87.1 per cent of gross domestic product, or total economic output, last year.
article_snippet.sent: A separate report will today claim 13million Britons will dive further into debt last year
article_snippet.sent: The survey of 2,000 people found that, of the two-thirds of British adults already in debt from credit cards, overdrafts and loans, a quarter will have to borrow even more to cope.
article_snippet.sent: It’s important that those relying on credit keep in control of the situation, so those relying debt doesn’t spiral out of control.
highlights_snippet.sent: Borrowing to buy has left UK more indebted than other developed nations .
  