News & Related Stories
CML `overestimated repossession risk`
1 July 2009
The Council of Mortgage Lenders (CML) has revised its prediction of the number of repossessions likely to take place this year, having admitted that it overestimated the amount in an earlier forecast.
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Debt: rise in bankruptcies amongst over-45s
1 July 2009
New research has suggested that the over-45 age group is experiencing a significant rise in the number of people going bankrupt.
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Londoners` personal debt increases
1 July 2009
Financial advice partnership Capitalise has reported a sharp increase in the average level of debt amongst Londoners seeking debt advice, according to The Guardian.
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Equifax: Demand for credit reports up by 9.6%
26 June 2009
Equifax has reported an increase of nearly 10% in requests for its credit reports for the first quarter of 2009, compared with the same period in 2008.
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People with debt problems `should seek help quickly`
25 June 2009
Consumers who find themselves experiencing debt problems should not delay seeking help, an expert has said.... >>
Charity issues mortgage warning
23 June 2009
A housing charity has issued a warning concerning a potential wave of mortgage arrears and home repossessions.... >>
Paying off debt is sensible, expert says
22 June 2009
People are wise to use the current period of low interest rates to reduce their debts, an expert has suggested.... >>
`Carbon capture` tax could raise energy costs
19 June 2009
Energy Secretary Ed Miliband has said that four new `carbon capture and storage` trials would eventually add 2% to electricity bills in the form of a new tax on electricity suppliers, The Telegraph reports.
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Retail sales fall in May
19 June 2009
According to The Office for National Statistics (ONS), retail sales volumes in May were 0.6% lower than in April and 1.6% lower than in May 2008, the BBC reports.
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Unemployment hits 12-year high
18 June 2009
The latest unemployment figures from the Office for National Statistics (ONS) have shown that unemployment reached its highest level in 12 years in the first quarter of 2009.
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