Britain’s shadow chancellor warns of ’alarming’ rise in household debt

British household debt is expected to continue its "alarming" increase over the next four years, the country’s shadow chancellor John McDonnell has said.

British household debt is expected to continue its "alarming" increase over the next four years, the country’s shadow chancellor John McDonnell has said.

His prediction came after the British Labour party analysed data to claim average unsecured debt per household is projected to increase from £14,426 this year to £15,035 in 2018 and potentially £19,146 by 2022.