Since 2007 Scotland, in common with much of the rest of the world, has been in the grip of a ‘credit crunch’, ie a sudden, severe and prolonged reduction in the availability of loans affecting all areas of the economy. Scottish economic growth has been affected by this financial crisis and the country is facing a recession in 2009. This briefing examines the following policy topics in the context of the credit crunch and the subsequent economic downturn: personal debt, bankruptcy, buying and selling a home, mortgage arrears and repossessions, rented housing.
Read SPICe Briefing: Personal Debt, Bankruptcy and Homes (459KB)
Published: 25 April 2009