Debt – Laden Households In UK Vulnerable To Interest Rates Rises

The US economy is undergoing a gradual recovery as the housing market picks up for the first time since Lehman Brothers collapsed and offsets the negative impact of the Federal government’s austerity measures. But at a time of lackluster growth in incomes, much of the housing market rebound thus far has been supported by exceptionally low interest rates, and it remains to be seen how the market will respond to higher long-term rates. Moreover, the ongoing rise in interest rates is being driven not only by the economic recovery but also by upward pressure from the winding down of QE…