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Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive` School focuses on "curing Ireland`s debt disease"

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).

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in