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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"

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).

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