Financial Times FT.com

Household debt fuels UK bank write-offs

By Simon Briscoe, Statistics Editor

Published: March 27 2005 22:03 | Last updated: March 27 2005 22:03

Banks were forced to write off record amounts of bad debts last year, Bank of England figures are expected to show this week.

The figures, to be published on Thursday, are likely to increase concern about soaring levels of consumer debt and, in particular, the willingness of banks to offer large loans to poorer households.

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