Archived News & Related Stories
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October, 2009 news
Rising tuition fees could increase student debt
University guide Push may have reported that students are graduating with a record level of debt - but a Government science adviser has called for universities in England to be allowed to charge higher fees to maintain standards, the BBC reports.
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Zero growth in retail sales
UK retail sales in September were unchanged for the second consecutive month, according to new figures from the Office for National Statistics (ONS), suggesting that many consumers are still focusing on protecting their finances and staying out of debt.
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Help for families struggling with mortgage debt
Ribble Valley Council is offering help to families who fall behind on payments towards their rent or mortgage debt, the Lancashire Evening Post reports.
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Money worries cause `anxiety overload` in young adults
According to research by YouGov, 66% of 18-24 year olds questioned said they feel stressed or anxious at least once a week, with money and employment worries being the primary cause, the BBC reports.
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New FSA site about financial planning and debt
The Financial Services Authority (FSA) has launched a website which provides students and other young people with financial advice, an article in the Guardian reports.
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High earners struggle with debt
High-earning borrowers are now facing debt problems as a result of the credit crunch, an article in the Guardian reports.
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Conservatives: 10% discount for repaying student debt early
Under Conservative plans, graduates in England would be offered a 10% discount on early repayments of their student debts, the Guardian reports.
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Unmanageable debt leads to more bankruptcies in Burnley
According to figures released by insolvency practitioners Adcroft Hilton, the number of bankruptcies recorded in Burnley was 32% higher in the second quarter of 2009 than in the same period last year, the Burnley Express reports.
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Low-income motorists `spending 17p per pound on cars`
A new study has highlighted the financial burden of owning a car amongst low-income households, many of whom may be struggling with debt due to the increasing costs of living over the past year or more.
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More than a third risking debt without pension
New research has suggested that more than one in three (37% of) working Britons have not made any of their own pension arrangements, and are relying on the state to fund their retirement years.
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