City Minutes: Household debt and problem debt in British cities

The economy now faces its most difficult period in living memory and one in five jobs in large cities and towns could be lost or furloughed. This puts people with higher levels of household debt in particularly precarious situations.

Latest research by Kanishka Narayan, Associate at Centre for Cities, found that people in large cities and towns in Northern England and Wales have the most household debt and will be hit hardest in the economic downturn.

Kanishka joins Chief Executive Andrew Carter for a ten minute debrief to talk about the recent analysis that looked at where problem debt is concentrated geographically and the implications for policy.