Archived News & Related Stories

National debt: Osborne warned against `senseless cuts`
Unions have warned the coalition Government against making `senseless cuts in spending` ahead of the Emergency Budget today, the BBC reports. ... >>

Nearly 70,000 `take on debt from loan sharks or doorstep lenders`
As many as 67,000 struggling borrowers - 7% of struggling borrowers in the UK - say they have contacted a `loan shark` or doorstep lender, according to research from insolvency trade body R3. ... >>

Amount of debt taken on and amount saved both fall
According to unbiased.co.uk`s `Savings Brake` research, saving levels fell considerably during 2008 - from around £39bn per quarter to £20bn, and they haven`t improved since, with the latest set of figures showing people are now putting away just over £16bn per quarter, headlinemoney.co.uk reports. ... >>

More debt being taken on for education
According to estimates by Sainsbury`s Finance, £37m of debt was taken on last year in personal loans to help pay for school fees, university fees and general education costs, headlinemoney.co.uk reports. ... >>

More than 3,000 mortgages on offer for first time in 15 months
The number of different mortgage products on the market has exceeded the 3,000 mark for the first time in 15 months, the Telegraph reports. ... >>

April`s consumer debt figures
According to official figures from the Bank of England (BoE), net consumer credit dropped in April, as borrowers repaid more debt than they took on, headlinemoney.co.uk reports. ... >>

Gregory Pennington is a member of DEMSA whose code of conduct is approved by the Office of Fair Trading.