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Dec
15

Household finances are worse since Brexit vote, says Bank of England

Study of over 6,000 households found an increase in people reporting high mortgage debt, repayment costs and rents

Almost a decade of improvements in household finances has started to be unpicked in the year since the EU referendum, according to the Bank of England.

Findings from a biannual study for Threadneedle Street of more than 6,000 UK households found an increase in people reporting high mortgage debt when considering their income, while there were also worrying increases in repayments and in costs for renters.

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