What’s wrong with £1 trillion of debt?

Household debt in Britain last week burst through the £1 trillion mark. But there is no need to panic - at least not yet - says Moneyweek.co.uk - the best of the week's international financial media.

Household debt in Britain last week burst through the £1 trillion mark. But there is no need to panic - at least not yet, says Simon Nixon.

What is a trillion?

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.