People worried about the state of their finances and the possibility of bankruptcy may be more susceptible to mental health issues, it has been suggested. Paul Farmer, the chief executive of Mind, pointed to a survey conducted by the charity…

Thousands of families will be left needing debt help due to soaring unemployment figures, it has been warned. Kate Green, the chief executive of the Child Poverty Action Group, has noted that many households are being affected by redundancies. It…

A large proportion of homeowners feel they would quickly fall into debt management problems if they were to lose their job, research has found. Following the release of Office for National Statistics (ONS) figures showing unemployment is on the rise,…

Borrowers have been offered debt advice by a financial expert. David Kuo, the head of personal finance at Fool.co.uk, has recommended that people reduce their outgoings in preparation for any events that may occur as a result of the economic…

Bankruptcy among Britons has increased by over 12 per cent over the last three months, new research by The Insolvency Service has revealed. Figures have jumped from 15,463 in the second quarter of 2008 to 17,341 during the last three…

Small businesses are struggling in the current economic climate, with one in ten unable to afford to continue operating, research from insurance group RSA has revealed. According to the data, 11 per cent of small and medium-sized businesses (SMEs) in…

The British Bankers’ Association (BBA) has pledged to support small businesses through the economic downturn. It is writing to MPs on behalf of the high street banks to set out action that is being taken in order to help small…

Holidaymakers could face further misery as an industry insider has predicted that more airlines are at risk of bankruptcy due to the financial crisis. Mike Ambrose, director general of the European Regions Airline Association, said he felt a “great deal…