Consumer confidence is at it's highest level since the crisis says Carney
- Now is the time to make a major purchase
- Domestic demand is resilient in the face of fiscal tightening
- Housing market is clearly an issue for the MPC as well as FPC
- Level of household debt is still elevated
- Pressure on household's is still significant
- BOE is looking at how rate increases will hit consumption
Haldane
- There's been a pick up in the housing market this year
- Doesn't see the housing market racing away
- Credit growth is not a debt fuelled boom at this moment
That's one thing that has been good so far in the recovery, it's not come on the back of another huge jump into debt. Whether it lasts or not remains to be seen but it looks like most people are keeping spending in check with their finances
