UK Rate Rise In 2015 To Test High-Debt Households

(Reuters) - Britons who have relied on years of record-low interest rates to manage hefty mortgages are looking nervously ahead to 2015, when the Bank of England finally looks set to start raising rates. British people have more debt per head than in any other big rich economy, at around 140 percent of income, barely down from its peak as the financial crisis broke and equivalent to 1.5 trillion pounds in total.

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