by Richard Partington Economics correspondent on (#6HYJ6)
Missed repayments on credit cards and loans will increase by more than any quarter since 2009, lenders forecastBusiness live - latest updatesBritain's biggest high street lenders expect the sharpest rise in defaults on unsecured lending since 2009, according to a Bank of England survey, as households come under growing pressure amid the cost of living crisis.The figures from Threadneedle Street show banks expect a marked rise in the number of people who fail to meet repayments on credit cards, loans and other forms of unsecured borrowing over the next three months. Continue reading...