Matthew Lynn

Credit card debt: the crunch yet to come

We’ve been bingeing on plastic for the past decade, says Matthew Lynn, and the £54 billion we owe as a result is about to knock another hole in the banking system

issue 26 September 2009

We’ve been bingeing on plastic for the past decade, says Matthew Lynn, and the £54 billion we owe as a result is about to knock another hole in the banking system

One year on from the period of panic that followed the collapse of Lehman Brothers, you might be forgiven for thinking the worst of the credit crunch was over.

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Written by
Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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