Jagjit Chadha

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Last quote by Jagjit Chadha

The risk still remains that if households feel that they're overextended, there is a concern that they will start to save more abruptly, and this will lead to a further downturn in the economy. Some of the consumption robustness we saw in 2016 and the early part of this year was very much driven by credit, very much driven by the [Bank of England's] term funding scheme, and the availability of unsecured credit for households, particularly for the purchase of cars and other white goods.feedback
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Aug 06 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jagjit Chadha is associated, including election and cycle. Most recently, Jagjit Chadha has been quoted saying: “It is a concern for us that households are nudging towards the end of their credit lines and maybe hitting barriers in terms of how much they can continually borrow. When we put that in conjunction with the low level of savings, there is concern that there may be a rapid adjustment.” in the article Savings to rebound as Britons call off debt splurge.
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