Economics
BOE Says Home Renters Hit by Pandemic Could Pose Risk to U.K.
- Poorest households hold a big portion of unsecured debts
- Buy-to-let investors rely on cash-strapped renters for income
Photographer: Jason Alden/Bloomberg
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The Bank of England identified the finances of people renting homes and apartments as a potential risk to the U.K.’s economic recovery, noting they were hardest hit by the pandemic and hold a big portion of unsecured debt.