The serious problems affecting banking groups in the US and in the UK should act as a wake up call to consumers across the country, it has been claimed. According to Callcredit, the recent collapse and emergency bail out of…
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The rate at which Welsh consumers are resorting to Individual Voluntary Arrangements (IVAs) is increasing dramatically, according to the latest data from the Insolvency Service. Since 2000, the number of people in Wales entering an IVA on an annual basis…
Increasing numbers of people in the UK are facing bankruptcy as their financial commitments become too great to address, it has been suggested. New figures from the Insolvency Service highlight the situation in one region of the UK – although…
A full-blown recession for the UK’s economy in the coming months is a “remote risk”, according to the assessment of one expert. Andrew Sentance, a member of the Bank of England’s interest rate setting monetary policy committee, is convinced that…
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The government has been accused of being complacent about the state of the UK’s housing market as the rate of repossessions is expected to increase considerably. Many thousands of families are faced with the threat of repossession and the Liberal…
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Vince Cable, the economic spokesperson for the Liberal Democrats, has warned that the UK could soon be dealing with a trend towards “mass bankruptcy and repossession”. Mr Cable’s comments came after official figures showed that a record number of people…
The latest bankruptcy figures released by the Ministry of Justice demonstrate that the UK’s economic chickens are “coming home to roost”, it has been claimed. According to Stephen Hammond, an economic spokesperson for the Conservatives, the rise in bankruptcy rates…
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More British consumers declared themselves bankrupt over the course of last year than has ever been the case, according to the latest data. Figures released by the Ministry of Justice have shown that almost 44 per cent more people with…
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