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The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this extended version (no commentary) the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes. A shorter version of these slides (with commentary is available at http://www.slideshare.net/ResolutionFoundation/closertotheedge
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The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this extended version (no commentary) the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes. A shorter version of these slides (with commentary is available at http://www.slideshare.net/ResolutionFoundation/closertotheedge
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