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Credit: Can trees grow to the sky? - speech by Jon Cunliffe
Speech given at the British Property Federation Annual Residential Investment Conference, London.
Published on
09 February 2016
In a speech to the British Property Federation’s annual conference on Tuesday, Jon Cunliffe considers the factors that drove the rapid of expansion of credit, in particular to the household sector, in the 10 years up to the crisis. And he explores the risks to financial stability and broader economy resulting from credit growing consistently faster than GDP.