Car loans, low rates, second mortgages: all the ingredients for a new credit crunch

The relentless rise in consumer borrowing is starting to cause real concern in the financial services industry. And with good reason A credit crunch is brewing and when it happens, the UK is going to get hurt. That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth...