Report: World Class

What can international evidence on quality, access and affordability in childcare teach us? Find out more

REPORT: Housing pinched

Which households spend the most on housing costs? Find out more

REPORT: Hangover Cure

Dealing with household debt as interest rates rise Find out more

BRIEFING: All accounted for

The case for an ‘all-worker’ earnings measure Find out more

Blog & Articles

The repossessions timebomb: how to help homeowners at risk of default

6 August 2014 | Katie Blacklock

Against the backdrop of the most prolonged recession in living memory, the relatively small increase in homes being repossessed has been a welcome surprise. Numbers ...

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Once interest rates start rising, how can indebted households be helped through the painful transition?

24 July 2014 | Gavin Kelly

Whether it is this autumn, the New Year or shortly after next May’s election, everyone knows that interest rates are going to start rising sometime ...

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Latest Video

Gavin Kelly at CIPFA conference

8 July 2014

Gavin Kelly is interviewed at the Chartered Institute of Public Finance conference.

Commission on Living Standards

Latest Publication

Hangover Cure: Dealing with the household debt overhang as interest rates rise

The UK is entering a period in which interest rates are expected to start rising again – with the first moves potentially coming later this year – having insufficiently dealt with the debt overhang. This leaves the UK economy vulnerable to even modest increases in interest rates.

Deconstructing the debt overhang will not be costless, but it is in everyone’s interests – borrowers, lenders, government and taxpayers alike – to adopt a pro-active measured approach rather than simply allowing it to collapse. We favour an orderly and managed dismantling of the debt overhang. This report sets out a series of recommendations for lenders, borrowers and policy-makers to make that happen.



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