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Government warns about rising credit card debt Debt - the 12-month view Amount of `bad debt` written off reaches 16-year high Deeper into debt: middle-class poverty Debt taken on by individuals increased in January Debt Relief Order (DRO) rules may be changed Overdrafts: five million Britons `permanently` in debt Mortgage lending drops to decade low The cost of debt falls Two thirds hope to have cleared mortgage debt by 50 40% of people approaching retirement `saddled with debt` Repossession `may be best` for homeowners struggling with debt Bankruptcies in Scotland - the worst may be yet to come Good news for people with energy debts US: new law provides debt-free date More debt taken on than repaid in December Savings rise as consumers pay down debt Household debt `could trigger another downturn` More families could fall into debt with energy companies Recession ends

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).

Government warns about rising credit card debt 05/03/2010 - The latest figures from the Bank of England (BoE) have Debt - the 12-month view 04/03/2010 - In January, UK citizens - between them - borrowed £500 Amount of `bad debt` written off reaches 16-year high 03/03/2010 - The latest figures from the Bank of England (BoE) suggest Deeper into debt: middle-class poverty 02/03/2010 - The recession has also affected a lot of people with