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Personal Indebtedness and Savings (5 Jul 2004)

Mr Mark Hoban: The debate is important, and I support much of the analysis outlined by the hon. Member for Glasgow, Cathcart (Mr. Harris). It is easy to be puritanical about increased consumer debt, which is approaching £1 trillion. It is also easy to criticise people who take out store cards, credit cards and personal loans, but who can blame those people when some of today's circumstances encourage...

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