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Bachelors `forced to spend more` Finances `causing women sleepless nights` Christmas spending slowdown expected Christmas spending ‘will fall’ Credit cards: UK interest rates almost double US rates Recession ‘to last well into 2009’ Unemployment `on the up` AA urges public wholesale petrol prices Consumers ‘could expect to see full benefits’ of rate cuts Banks ‘increasing overdraft charges’ People in debt `should be helped to help themselves` Consumers `likely to be under pressure at Christmas` Britain "addicted to debt", politician states Consumers ‘repaying debt from last Christmas’ Brown: Banks must make loans available Workers `missing out on pension money` Christmas savings schemes `good way to stay debt free` `Many parents worry about children getting into debt` Falling inflation means interest rates could fall Petrol prices ‘could fall below 90p’

Reuters: Pay ‘is a key political issue’

06/10/2008

Median pay deals in Britain have risen, says Reuters, citing figures from independent research organisation Incomes Data Services.

According to Reuters, median pay deals in Britain ‘rose to 3.8 percent in the three months to August’.

Other indicators, however, suggest that ‘pay pressures remain subdued’, since employees’ bargaining power has been reduced as a result of today’s economic troubles.

Pay ‘is a key political issue in Britain at a time when rising living costs are squeezing households’ disposable income’, says an article on Reuters’ website.

“As the cost of living increases,” said a spokesperson for debt consolidation experts Debt Advisers Direct, “it’s only natural that people want their salaries to increase. However, many companies, worried about their own finances, are reluctant to grant significant pay rises.”

“In some cases, borrowers could reduce their monthly expenses with a debt consolidation loan, which could simplify their finances as well as bringing their monthly debt repayments down to an affordable level.

“Consolidation loans, however, are not always the answer – it’s important that borrowers talk to a professional debt adviser who can help them decide whether they should consider other debt solutions.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation and IVAs (Individual Voluntary Arrangements).

Bachelors `forced to spend more` 17/11/2008 - People who live by themselves find it more difficult to Bankruptcy `increases by 7%` 17/11/2008 - The number of consumers in England and Wales facing bankruptcy Finances `causing women sleepless nights` 14/11/2008 - Financial concerns, potentially including debt problems, are causing women sleepless Christmas spending slowdown expected 13/11/2008 - Christmas spending is expected to stagnate this year, as consumers