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A boom in cheap loans provided by the Bank of England is fuelling Britain’s consumer debt bubble. High street lenders have ramped up their use of a special lending facility created by Mark Carney, the Bank governor, after Britain’s vote for Brexit. They have now borrowed more than £72bn from the Term Funding Scheme (TFS), an analysis of public disclosures reveals - a 30% jump since the end of March. - The Sunday Times.
