David Cameron Warns UK Runs Risk of Defaulting on Its Debts
The leader of the UK's Conservative Party, David Cameron, has been reported as saying that he believes the Government runs the risk of defaulting on i
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Each Person in UK Over £60,000 In National Debt
Posted on July 19, 2010 by wolfgang
In a stunning new report that has now been released by the Office for National Statistics, the national debt in the United Kingdom has been broken down into the cost per individual in the nation today. It turns out that at the current rate, with £4 trillion owed, each person in the country is carry
UK’s Public Sector Hiding 4 Trillion Pounds of Debt?
Posted on July 16, 2010 by wolfgang
It has come to light that the debt from the public sector in the United Kingdom could be a full £4 trillion higher than previous estimates had set it at. This means that the scale of the challenged faced by today's Government is a great deal larger than many analysts had previously believed. While
Britain’s National Credit Rating Could Be On Way Down
Posted on July 13, 2010 by wolfgang
Things are not looking good in the United Kingdom right now as the big shot has been taken at George Osborne by Standard & Poor's: they are looking to down grade the credit rating of Britain from AAA to a notch below if the Chancellor cannot manage to get the national debt under control somehow. Kno
Student Debt in the UK Expected to Hit £23,500 per Student
Students entering into institutions of higher learning this Autumn of 2009 are expected to graduate with debts of £23,500 according to new research t
Actor Neil Morrissey Enters IVA to Repay Debt
Known as a star of the hit show 'Men Having Badly' and the voice of children's show 'Bob the Builder', actor Neil Morrissey was also an investor. Un
Trend Towards Defaulting on Credit Cards to Hit High Street Banks
After being on shaky ground from the effects of so many bad home loans in the UK, high street banks are hearing from KPMG accounting firm that uns
Students in Scotland Borrowing to Frightening Levels
A shocking set of statistics have come out of Scotland recently, with numbers indicating that 70% of Scottish students are spending more than the 10 h
Rule Breaking Credit Card Companies Shut Down by Government
The Ministry of Justice (MoJ) has formally shut down companies that offered to secure compensation for personal injury claims or write off debts. From
Record for Personal Insolvency Broken in England and Wales
According to the government's Insolvency Service, over 33,000 personal insolvencies occured during the second quarter of 2009, breaking all previous r
Lower Income Customers Face Hardship from Barclaycard Interest Hike
The largest credit card company in the UK is raising the interest rates it charges to customers already struggling to repay their debts. The move is c
Credit Card Cheques Expected to Face Serious Opposition from UK Government
A new post is being created to help consumers recoup losses from unwanted credit card cheques which have become such a huge problem in the UK in recen
Cattles Sells Its Subsidiary to Pay Towards Its Bad Debt
Troubled subprime lender Cattles, agreed to sell one of its smaller subsidiaries for £70m to pay towards its total £720m owed in bad debts. The comp
