The Financial Conduct Authority is launching new measures to address persistent credit card debt

The video discusses the widespread use of credit cards in the UK, highlighting that many users are in persistent debt. It examines the impact of low interest rates on borrowing and the economy, noting that while these rates have spurred economic activity, they have also led to increased debt. The video presents trends in savings and borrowing, showing a decline in savings rates. It suggests a gradual increase in interest rates to encourage saving and manage borrowing. Finally, it addresses concerns about rising debt levels a decade after the financial crisis.

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