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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"

UK recovery `to start in 2010`

16/06/2009

The UK economy will begin a `slow and gradual` recovery in 2010, according to the Confederation of British Industry (CBI).

The CBI said that GDP (Gross Domestic Product - a measurement of economic health) will contract by 3.9% over 2009, followed by growth of 0.7% in 2010.

Mr Lambert said: "The return to growth is likely to be a slow and gradual one; difficult credit conditions are still affecting business behaviour.

"For positive growth to return, lenders need to feel more confident so that credit can start flowing again."

Over recent months, the economy has been hit by low levels of lending combined with risings costs of living and unemployment, as well as increasing numbers of people facing serious debt problems.

A spokesperson for Debt Advisers Direct said: "The recession has caused financial difficulties for a lot of people, and although economists are beginning to talk about economic growth again, many will still find paying all of their bills and debt repayments difficult.

"Anyone struggling with debt should speak to a professional debt adviser, who can help them to find the best way of tackling their debts."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans 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