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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

Inflation speculation `greatly exaggerated`

18/06/2009

Following the latest figures from the Office for National Statistics (ONS), showing a fall in the annual inflation rate to 2.2% in May, one expert has said that the talk that inflation `is dead` has been `exaggerated`.

David Kuo, director at The Motley Fool, said: "[The slower-than-expected fall in inflation] is partly a result of higher taxes imposed by the Treasury in the April Budget.

"It is naive not to expect more tax hikes or a reversal of previous tax cuts if the gaping hole in Britain`s finances is to be plugged. Therefore, talk that inflation is dead is not only greatly exaggerated but also dangerous."

Some economists have speculated that the economy may be heading towards deflation - which, in the short term, may offer some relief to many of the people struggling with debt due to rising costs of living, but which could have a negative effect on the economy in the long term.

A spokesperson for Debt Advisers Direct said: "There is still a lot of uncertainty in the economy, and people should take this as a sign of the need to protect their finances and ensure any debts are being dealt with in the right way.

"Anyone who is unsure about how to manage their debts should seek professional debt advice."

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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).

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