Britain’s debt time​bomb: FCA urges action over £200bn crisis

Exclusive: Watchdog’s chief executive says he has seen problem at first hand, as new figures show rising levels of debt

The government needs to step in to help tackle the mountain of debt being racked up by the most vulnerable consumers in Britain, the chief financial regulator has warned, as new data shows that personal debt burdens are continuing to rise.

New figures seen by the Guardian showed the worsening consequences of Britain’s borrowing binge.

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