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Hammond urges financial responsibility

Hammond urges financial responsibility
Those who borrowed too much during the economic boom must take responsibility for their involvement in the financial crisis, Philip Hammond has said. Speaking to the Daily Telegraph, the Defence Secretary said consumers and home-owners who took out loans, spent large amounts of money on credit cards and accepted large mortgages were "consenting adults" and that banks "had to lend to someone".

Green Box: Hammond urges financial responsibilityClick to open

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