Fitch: UK household finances pose a risk to growth, consumer loans

Here are some of the key highlights from Fitch’s special report - "Weakening UK Household Finances Pose Risks", released this Tuesday.

   •  Household sector's worsening financial health reduces consumer resilience to interest rate shocks and presents risks for UK consumer loan portfolios.
   •  Consumer credit has been a key driver of rising household debt.
   •  More recently, UK household debt-to-income ratio has risen.
   •  Weaker household finances reduce resilience of consumer spending - by far the largest demand component of UK GDP - to shocks.
   •  Brexit uncertainty creates risks of a bigger shock to growth and employment.