Photographer: Chris Ratcliffe/Bloomberg

Cheap Oil Bails Out Free-Spending U.K. Consumers

By one measure, British household savings is at its lowest level in 50 years. So what happens if interest rates or commodity prices rise?

The new year was supposed to be a celebratory moment for the U.K. After growing 2.9 percent in 2014, the fastest pace among G7 economies, and 2.2 percent last year, 2016 was to see that recovery become established, particularly for workers.

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