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News Archive
June 2008
Simple IVA's news pages, keep an eye on the latest Finance & Money News.
Brits kept awake by debt worries - 30/06/08
Mounting debt and the impact of the credit crunch is causing greater numbers of Britons to suffer stress, a new study has shown
Mounting debt and the impact of the credit crunch is causing greater numbers of Britons to suffer stress, a new study has shown
10,000 more City jobs to go - 30/06/08
As many as 10,000 more jobs could go in the City as the economic slowdown and credit crunch bite financial services
As many as 10,000 more jobs could go in the City as the economic slowdown and credit crunch bite financial services
Debt-hit shoppers flock to budget supermarkets - 27/06/08
Debt-hit Britons are shopping in discount supermarkets in increasing numbers, as they look to limit the impact of soaring food price inflation on their household budgets
Debt-hit Britons are shopping in discount supermarkets in increasing numbers, as they look to limit the impact of soaring food price inflation on their household budgets
Halifax accused of adding to Brits' mortgage debt woes - 27/06/08
Halifax Building Society's parent company HBOS has been accused of putting mounting pressure on homeowners struggling with mortgage debt
Halifax Building Society's parent company HBOS has been accused of putting mounting pressure on homeowners struggling with mortgage debt
Economic growth halves in first quarter - 27/06/08
UK economic growth fell by half in the first quarter of 2008
UK economic growth fell by half in the first quarter of 2008
More Britons turning to IVAs as debt crisis worsens - 26/06/08
More and more families are turning to debt management solutions as soaring food prices and higher mortgage repayments impact on their finances
More and more families are turning to debt management solutions as soaring food prices and higher mortgage repayments impact on their finances
Debt-struck Brits shun the High Street - 26/06/08
Debt hit Britons are staying away from the High Street, as more and more of their incomes go on day to day living costs
Debt hit Britons are staying away from the High Street, as more and more of their incomes go on day to day living costs
Young people encouraged to take on credit card debt - 25/06/08
Young people are being encouraged to take on debt that they cannot afford, a new survey has shown
Young people are being encouraged to take on debt that they cannot afford, a new survey has shown
Cash-strapped Britons adding to credit card debt - 25/06/08
Britons continued to add to their credit card debt during May, as the strain on household finances fuelled a rise in borrowing
Britons continued to add to their credit card debt during May, as the strain on household finances fuelled a rise in borrowing
HMRC data loss a 'cultural' problem - 25/06/08
The loss of discs with details of 25 million people was due to "cultural" failings at HM Revenue & Customs
The loss of discs with details of 25 million people was due to "cultural" failings at HM Revenue & Customs
Debt-hit Brits hit hardest by energy price hikes - 24/06/08
Debt hit consumers are going without heating and power as the higher cost of living continues to squeeze household finances, it has been claimed
Debt hit consumers are going without heating and power as the higher cost of living continues to squeeze household finances, it has been claimed
Job losses set to compound Brits' debt woes - 24/06/08
Debt-hit Britons have been warned to expect 350,000 job losses this year, according to the latest gloomy indicator for the economy
Debt-hit Britons have been warned to expect 350,000 job losses this year, according to the latest gloomy indicator for the economy
Barclaycard faces £50K silent calls fine - 24/06/08
Barclaycard may be fined up to £50,000 for continued silent calls made to customers
Barclaycard may be fined up to £50,000 for continued silent calls made to customers
Cable: Property crash 'worse than forecasts' - 24/06/08
The UK economy is set to tough times, worse than many mainstream predictions, Liberal Democrat shadow chancellor revealed
The UK economy is set to tough times, worse than many mainstream predictions, Liberal Democrat shadow chancellor revealed
Debt-hit consumers warned: 'No end in sight for soaring prices' - 23/06/08
Gordon Brown has warned debt-hit consumers that hikes to oil and food prices are set to continue for the foreseeable future
Gordon Brown has warned debt-hit consumers that hikes to oil and food prices are set to continue for the foreseeable future
Debt-struck Brits turning to doorstep loans - 23/06/08
With banks making it harder for consumers to add to their credit card debt harder and tightening their lending criteria, more and more Britons are turning to doorstep and payday loans, it has been discovered
With banks making it harder for consumers to add to their credit card debt harder and tightening their lending criteria, more and more Britons are turning to doorstep and payday loans, it has been discovered
New Rock chief to step down - 23/06/08
The new chief of Northern Rock – appointed by the government in February – is set to step down from his post
The new chief of Northern Rock – appointed by the government in February – is set to step down from his post
Businesses call on government to scrap diplomas - 23/06/08
The CBI has described the government's plans for academic diplomas to replace the current A-level system as an "unnecessary distraction"
The CBI has described the government's plans for academic diplomas to replace the current A-level system as an "unnecessary distraction"
Rightmove: Asking prices down 1.2% - 23/06/08
Property in the UK has seen asking prices continued to decline during June, according to the latest research from website Rightmove
Property in the UK has seen asking prices continued to decline during June, according to the latest research from website Rightmove
Debt-hit Brits warned of 40% hike in energy bills - 20/06/08
Further pressure is set to be put on debt-hit Britons' finances, with the news that gas and electricity could soar by 40 per cent by the end of the year
Further pressure is set to be put on debt-hit Britons' finances, with the news that gas and electricity could soar by 40 per cent by the end of the year
High housing costs force Brits to pile up credit card debt - 19/06/08
Millions of Britons are piling up credit card debt to meet their mortgage repayments, a survey has revealed
Millions of Britons are piling up credit card debt to meet their mortgage repayments, a survey has revealed
UK economy not a 70s throwback, Darling insists - 19/06/08
The chancellor has insisted the UK economy is not in danger of returning to the dark days of the 1970s
The chancellor has insisted the UK economy is not in danger of returning to the dark days of the 1970s
Credit card providers are fuelling UK's debt addiction - 18/06/08
Credit card providers are putting thousands of consumers at risk of falling into problem debt by failing to carry out sufficient checks during the application process, new research suggests
Credit card providers are putting thousands of consumers at risk of falling into problem debt by failing to carry out sufficient checks during the application process, new research suggests
Tories plan to fight consumers 'addiction to debt' - 18/06/08
The Tories have announced plans to tackle the nation's "addiction to debt" by targeting retailers which offer store cards with high rates of interest
The Tories have announced plans to tackle the nation's "addiction to debt" by targeting retailers which offer store cards with high rates of interest
Lloyds TSB to reunite customers with cash - 18/06/08
Lloyds TSB is launching a campaign to try and unite customers with approximately £69 million held in unused accounts
Lloyds TSB is launching a campaign to try and unite customers with approximately £69 million held in unused accounts
Job cuts set to fuel rise in problem debt - 17/06/08
Thousands of blue-collar workers and employees in the service industry are set to lose their jobs this year, in a fresh blow to Britons struggling to avoid falling into problem debt
Thousands of blue-collar workers and employees in the service industry are set to lose their jobs this year, in a fresh blow to Britons struggling to avoid falling into problem debt
More costly fixed rate mortgages squeezing debt-hit Brits - 17/06/08
Britons opting for fixed rate home loans are being hit by higher repayment rates on their mortgage debt, new research has revealed
Britons opting for fixed rate home loans are being hit by higher repayment rates on their mortgage debt, new research has revealed
More die at work than murdered - 17/06/08
At least twice as many people die from fatal injuries at work than are victims of homicide, a report claims
At least twice as many people die from fatal injuries at work than are victims of homicide, a report claims
Inflation fears push up inflation - 16/06/08
Inflation could spiral if the public fears rising prices will storm out of control, the Bank of England warned today
Inflation could spiral if the public fears rising prices will storm out of control, the Bank of England warned today
Job losses expected as pressure grows on debt-hit consumers - 16/06/08
Thousands of Britons, who are already struggling with meeting debt repayments, could be poised to lose their jobs this year, new data suggests
Thousands of Britons, who are already struggling with meeting debt repayments, could be poised to lose their jobs this year, new data suggests
Lenders pile pressure on Brits with mortgage debt woes - 16/06/08
Britons struggling with mortgage debt have been dealt a new blow by lenders charging higher application fees on fixed rate deals
Britons struggling with mortgage debt have been dealt a new blow by lenders charging higher application fees on fixed rate deals
Debt-hit Britons are 'losing control of finances' - 13/06/08
More and more Britons feel that their finances have spiralled out of control, in the latest sign of spiralling UK debt levels
More and more Britons feel that their finances have spiralled out of control, in the latest sign of spiralling UK debt levels
Rise in joblessness sparks fears of debt crisis - 12/06/08
New unemployment figures have further fuelled fears that the UK could face a debt epidemic this year
New unemployment figures have further fuelled fears that the UK could face a debt epidemic this year
Sky-high petrol prices add to debt woes - 12/06/08
Rising petrol prices are putting additional pressure on Britons who are already struggling with higher debt repayments and mortgage costs, a new survey has shown
Rising petrol prices are putting additional pressure on Britons who are already struggling with higher debt repayments and mortgage costs, a new survey has shown
HBOS shares fall below rights issue price - 12/06/08
Shares in HBOS fell sharply yesterday afternoon on the London Stock Exchange, dropping below the rights issue price set by the lender
Shares in HBOS fell sharply yesterday afternoon on the London Stock Exchange, dropping below the rights issue price set by the lender
Brits forced to add to debt to cover emergencies - 11/06/08
Millions of Britons would be forced to add to their credit card debt in the event of a household emergency, a study has shown
Millions of Britons would be forced to add to their credit card debt in the event of a household emergency, a study has shown
Banks urged to help debt-hit Brits by scrapping overdraft charges - 11/06/08
Banks have a responsibility to scrap high overdraft charges to help debt-hit Britons through the current squeeze on household finances, a financial web site has claimed
Banks have a responsibility to scrap high overdraft charges to help debt-hit Britons through the current squeeze on household finances, a financial web site has claimed
Spend-happy Brits risking problem debt - 10/06/08
Millions of Britons are risking falling into problem debt as a result of an addiction to shopping, a new survey has shown
Millions of Britons are risking falling into problem debt as a result of an addiction to shopping, a new survey has shown
Brits stung by higher rates on credit card debt - 10/06/08
Consumers who have taken advantage of a zero per cent balance transfer offer in a bid to gain control of their credit card debt have been warned to beware of higher interest rates being charged at the end of the interest-free term
Consumers who have taken advantage of a zero per cent balance transfer offer in a bid to gain control of their credit card debt have been warned to beware of higher interest rates being charged at the end of the interest-free term
Spiralling debt fuelling Brits' recession fears - 09/06/08
The majority of consumers believe that the UK is already in recession, as the credit crunch begins to impact on Britons facing higher credit card debt and loan repayments
The majority of consumers believe that the UK is already in recession, as the credit crunch begins to impact on Britons facing higher credit card debt and loan repayments
Debt-hit Brits face 40% rise in energy bills - 09/06/08
Debt-hit Britons are set to be stung by a 43 per cent rise in gas bills over the next 12 months, it has been reported
Debt-hit Britons are set to be stung by a 43 per cent rise in gas bills over the next 12 months, it has been reported
Loan insurance plan could fuel surge in debt, say insurers - 06/06/08
Plans to reform payment protection insurance (PPI) on loans could leave millions of Britons facing problem debts if they suddenly lose their job, insurance companies have warned
Plans to reform payment protection insurance (PPI) on loans could leave millions of Britons facing problem debts if they suddenly lose their job, insurance companies have warned
Road tax hikes put pressure on debt-hit Brits - 06/06/08
Low paid Britons who are already facing higher debt repayments and soaring living costs are set to be hit with above inflation road tax increases, it has been announced
Low paid Britons who are already facing higher debt repayments and soaring living costs are set to be hit with above inflation road tax increases, it has been announced
Brits misled by IVA cancellation letters - 05/06/08
Britons have been urged to be wary of unsolicited mail which urges them to cancel their existing individual voluntary arrangements (IVAs) and opt for an alternative debt management solution instead
Britons have been urged to be wary of unsolicited mail which urges them to cancel their existing individual voluntary arrangements (IVAs) and opt for an alternative debt management solution instead
Debt woes and higher prices hitting retirement plans - 05/06/08
Mounting debt repayments and the rise in living costs means that Britons are saving less and less for their retirement, a new survey has shown
Mounting debt repayments and the rise in living costs means that Britons are saving less and less for their retirement, a new survey has shown
Debt-hit consumers ignoring their finances - 05/06/08
Despite increasing concerns about consumer debt levels, Britons are refusing to take an interest in their personal finances, it has been revealed
Despite increasing concerns about consumer debt levels, Britons are refusing to take an interest in their personal finances, it has been revealed
Bank holds interest rates again - 05/06/08
The Bank of England has continued its freeze on interest rates – keeping the base rate at five per cent
The Bank of England has continued its freeze on interest rates – keeping the base rate at five per cent
Voluntary code for broadband providers - 05/06/08
Broadband providers have been asked to sign up to a new industry code to provide more honest internet speeds to customers
Broadband providers have been asked to sign up to a new industry code to provide more honest internet speeds to customers
Debt woes hitting more Britons - 03/06/08
The number of Britons who are concerned about their debt levels has risen in the last three months, amid increasing strain on household finances
The number of Britons who are concerned about their debt levels has risen in the last three months, amid increasing strain on household finances
Higher credit card rates fuelling rise in consumer debt - 03/06/08
The squeeze on consumers' finances is being worsened by credit card companies upping repayment rates and potentially plunging many more into problem debt, a price comparison web site has claimed
The squeeze on consumers' finances is being worsened by credit card companies upping repayment rates and potentially plunging many more into problem debt, a price comparison web site has claimed
Climate law should cover all industries, firms say - 03/06/08
Two thirds of UK businesses believe leaving the aviation and shipping industries out of a new climate change law would be a mistake, a survey from an environmental campaign group has revealed
Two thirds of UK businesses believe leaving the aviation and shipping industries out of a new climate change law would be a mistake, a survey from an environmental campaign group has revealed
Workplace diversity saves firms cash - 03/06/08
Promoting diversity in the workplace can save businesses thousands, a report from employers' organisation CBI and the Trades Union Congress (TUC) suggests
Promoting diversity in the workplace can save businesses thousands, a report from employers' organisation CBI and the Trades Union Congress (TUC) suggests
Banks raided by OFT over price-fixing - 02/06/08
The Office of Fair Trading (OFT) has carried out a series of raids at Barclays and the Royal Bank of Scotland over loan price-fixing allegations
The Office of Fair Trading (OFT) has carried out a series of raids at Barclays and the Royal Bank of Scotland over loan price-fixing allegations
Soaring credit card debt fuelling rise in store card use - 02/06/08
More and more consumers who are struggling with credit card debt are turning to store cards to make ends meet, it has been claimed
More and more consumers who are struggling with credit card debt are turning to store cards to make ends meet, it has been claimed
Savings robust as credit squeezed - 02/06/08
Saving levels at UK building societies have hit new highs the global credit crisis endures
Saving levels at UK building societies have hit new highs the global credit crisis endures
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