According to accountants PricewaterhouseCoopers. British households have some of the biggest debts in the world.
(The average household is £7,900 in the red. despite families tightening their belts to each repay about £355 in 2011, they will still owe about £7,500 by 2013. The good news is, credit card borrowing fell by five per cent in 2011, leaving the average balance at about £1,000. So, at least that shows people are becoming a bit smarter about how they borrow.)
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