Britain’s debt, how much is too much?

Published: Tuesday 19 April 2016

A paper researched and authored by Professor Robin Jarvis from the Brunel Business School and two of his colleagues: Britain’s debt, how much is too much?, has just been commissioned and published by the Association of Chartered Certified Accountants (ACCA). The paper investigates the massive increase in consumer debt which for many vulnerable people could be catastrophic.  The research draws on evidence, for example, from the Financial Conduct Authority (FCA) which indicates that a significant proportion of consumers holding 5.1 million credit cards on current repayment patterns and assuming no further borrowing will take more than 10 years to pay off their balances .The paper examines the evidence of over-indebtedness of three vulnerable groups: students, self-employed and low income employees. Importantly strategic interventions are proposed in the paper in an attempt to address the problem for a number of people in these groups. The research has attracted much attention and was the subject of a roundtable discussion at Portcullis House last week chaired by John Glen MP who is PPS to Sajid Javid, Secretary of State for Business, Innovation and Skills.

The full paper can be viewed here.

Page last updated: Wednesday 20 April 2016