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Does America's record-high consumer credit signal a downturn? Experts are split.

Consumer credit just hit more than $5 trillion, but some see 'encouraging' signs.

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UK mortgage approvals hit 14-month low as tax break ends

British banks and building societies granted the fewest new mortgages for house purchase in more than a year last month as the government prepared to end a tax break on home purchases, Bank of England data showed on Friday.

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