UK Debt

Families Who Are Just-About-Managing Need Real Help Now

Matthew Reed | Posted 24.11.2016 | UK Politics
Matthew Reed

If the Government's promise to help the JAMs is going to stick then ministers must go further still - by scrapping the benefits freeze and the two-child cap, and restoring the family element of Tax Credits and original work allowances to Universal Credit.

How I Went From Verging On Bankruptcy To Being In Credit In Three Years... And Travel Was To Blame

Hayley Stainton | Posted 21.11.2016 | UK Lifestyle
Hayley Stainton

Well yes, that was right-I have had to pay for every single penny and a rather hefty sum of interest in the process too. You see, there is only a certain amount of credit lenders will give you and once it's gone, it's gone, and so is your good credit rating. All of a sudden I went from living a life of luxury to one of near-poverty.

Are You Worried About Credit Card Debt? Put It In Writing

Michael J MacMahon | Posted 07.11.2016 | UK
Michael J MacMahon

"The amount UK consumers owe on loans and credit cards grew by £1.9bn in March 2016, the highest figure in 11 years, driven by a sharp rise in spendi...

Give Families Breathing Space To Escape Debt Trap

Matthew Reed | Posted 22.09.2016 | UK
Matthew Reed

Children can't take out loans - but they can suffer the consequences of aggressive creditors all the same. The Children's Society is deeply concerned that bailiffs, utility companies and local councils who chase struggling parents over unpaid debts may be inflicting real damage to children's mental health.

Jobs in the UK Post-Referendum

Julian Vigo | Posted 06.09.2016 | UK Politics
Julian Vigo

This past week has seen Theresa May telling pro-EU civil servants to get on with the mandate of preparing the exit from the EU.  Yet recent findings ...

Stripped Bare

Sharon Bull | Posted 24.08.2016 | UK Lifestyle
Sharon Bull

Going public with regard to mental health issues, past mistakes and life errors that most people would probably choose to closet, rather than use as examples in a book to help others was a huge gamble to take, but for me it was a venture worth the risk.

Your Time Is Your Money

Melanie Eusebe | Posted 23.08.2016 | UK
Melanie Eusebe

It has become even more apparent to me that my time is my money, and that our sense of identity is tightly linked to our concept of money and the value we place on our time and ourselves. If I spend so much time and energy making money, surely I should spend a significant amount of time managing my money?

How Long Can the UK's Balance of Payments Deficit Continue?

John Mills | Posted 19.07.2016 | UK Politics
John Mills

The UK - and therefore its population - is living way beyond its means. We have a Balance of Payments deficit of about 7% of GDP means that, on average, we are all enjoying a standard of living which is 7% higher than we are earning. To support this unrealistic life-style we are either borrowing from abroad or selling assets to foreign interests year after year on a scale unmatched by any other developed country.

After 50 Years of the Credit Card, We Need to Look at Its Link to Problem Debt

Mike O'Connor | Posted 06.07.2016 | UK
Mike O'Connor

It's 50 years since the launch of the credit card. I cannot remember the launch itself, but I have had at least one for most of that time. I am far fr...

John Oliver's $15 Million Medical Debt Stunt Explained For Brits Without Economics Degrees

The Huffington Post | Christopher York | Posted 07.06.2016 | UK

John Oliver made TV history this week by buying and then forgiving $15 million (£10.3 million) in medical debt. Here's our piece on the Debt Buying ...

The Gender Gap - Do Men and Women Handle Debt Differently?

Maz Deo | Posted 22.03.2016 | UK
Maz Deo

The sexes are considered to be very different, in various aspects of everyday life and therefore why should this be any more uncommon when it comes to...

The Myth of Taxpayer Money

Christopher Bacon | Posted 09.05.2016 | UK Universities & Education
Christopher Bacon

We are told, time and time again, that the government should spend taxpayer money wisely, efficiently, and sustainably. Often these pronouncements are followed by promises to use taxpayer money well by cutting government spending and making efficiency improvements. There is an assumption behind these statements that is utterly inaccurate and dishonest, however. Namely, that there is such a thing as "taxpayer money."

There Is a Way

Sharon Bull | Posted 03.03.2016 | UK
Sharon Bull

Cover Design - Socciones "In 2010 I woke up!" The opening line of my speech at 'Derby Women's Centre' on Wednesday the 24th February 2016. My fift...

Is It Time the Debt Arrangement Scheme Is Expanded Into England and Wales?

Josh Moorcroft-Jones | Posted 26.01.2016 | UK Universities & Education
Josh Moorcroft-Jones

Research released earlier this week by BBC News that personal debt in the United Kingdom has topped £180bn certainly won't make easy reading for the ...

Without Swift Debt Relief for Greece, The Last Five Years Will be the Prelude to More Chaos

Theopi Skarlatos | Posted 17.12.2015 | UK Politics
Theopi Skarlatos

In the last five years that hope grew. As networks spread and people reached rock bottom, they realized all they really had was themselves and that even if that was all they had, together and united it meant power.

Common Misconceptions: The Printing Presses

Christopher Bacon | Posted 01.09.2016 | UK Universities & Education
Christopher Bacon

There is a common conception, a common metaphor, held by many people that the government has the ability to print money. Along with this conception al...

Should I Tell My Partner About My Debt Problems Before the Wedding?

Sara Davison | Posted 16.08.2016 | UK Lifestyle
Sara Davison

It's natural to want to show your best side to your future spouse so it can be tempting to hide any debt issues you have. You may feel embarrassed about the problem or it may be difficult to explain how you got yourself into such a mess in the first part.

The True Cost of Tuition Fees

Django Wylie | Posted 29.07.2016 | UK Politics
Django Wylie

The benefit for the ruling class in this arrangement is obvious; the loss for society manifold. The rapid normalisation of tuition fees demonstrates neatly the insidiousness of the neoliberal ideology. Now students are consumers, they are individuals set against each other in a competition for employment so that they can service their loans.

In Praise of Permanent Budget Deficits

Christopher Bacon | Posted 28.07.2016 | UK Universities & Education
Christopher Bacon

A permanent budget deficit would not be inflationary because the economy is not operating at full capacity. Even if it were operating at full capacity, a (smaller) deficit would still be required to maintain that state of affairs.

Do You Lie to Your Partner About Money?

Zahra Razavi | Posted 21.07.2016 | UK Lifestyle
Zahra Razavi

As much as I can appreciate that finances should be private to some extent, and that individuals have a right to be considered separately from their partners, I just can't imagine keeping a secret credit card or putting lots of effort into hiding big purchases from my partner on a regular basis. I certainly wouldn't dream of hiding £100,000 from him!

Shark-Infested Waters: Mozambique and International Borrowing

Lucy James | Posted 09.07.2016 | UK
Lucy James

When Mozambique celebrated the 40 year anniversary of independence on 25 June, it was a time for reflection on the gains and losses made by the country which has experienced rapid shifts from civil conflict, to democratic consolidation and exponential economic growth driven by commodity discoveries. A mark of how far Mozambique has come since 1975 was demonstrated last year, when it undertook its first voyage in to international debt markets.

Expect a Rocky Second Half in 2015

Angus Campbell | Posted 24.06.2016 | UK
Angus Campbell

As we head towards the end of the first half investors seem to be approaching the second half of 2015 with a distinct degree of caution and trepidatio...

Greek Debt Crisis: Creditors Must Moderate Their Demands or They Will Be the Losers

Alan Prout | Posted 17.06.2016 | UK Politics
Alan Prout

Who knows what the outcome of this latest cliff-hanging crisis will be? I do not know any more than anyone else. But I do hope that European politicians and financial technocrats come to their senses.

Five Easy Ways to Start Saving Money

Lily Bissett | Posted 29.05.2016 | UK
Lily Bissett

Want to save? The answer's pretty simple: spend less.

I Refuse to Believe in What Must Be Wrong

Jake Mills | Posted 14.05.2016 | UK
Jake Mills

I refuse to believe we don't believe in equality, seeing love and marriage as a crime rather than a given right. I refuse to believe that the general public of this country would happily let others suffer because they're OK themselves.