UK Debt

Osborne Needs You To Borrow Billions To Make His Plans Work

The Huffington Post UK | Asa Bennett | Posted 05.12.2014 | UK Politics

George Osborne's deficit reduction plans and Britain's economic growth rely on the public going on a £360 billion borrowing spree, new analysis has f...

What Does the Future Hold for the UK Economy?

John Mills | Posted 12.11.2014 | UK Politics
John Mills

Despite the political rhetoric, if current economic policies continue broadly as they are, the UK economy does not have a bright future. In my view, and that of many others, our economy has at least five big problems. These major challenges will end the current upturn probably shortly after the 2015 general election, no matter who wins.

The Demise of the Payday Loan?

Sarah Willingham | Posted 14.11.2014 | UK
Sarah Willingham

So many vulnerable people have fallen victim to payday loan companies and if these proposals stop that happening in the future, then I for one will be very happy. Payday loan companies need to be more careful about who they lend to so that those most in need are not punished.

Book Review: 'Heaven's Bankers: Inside the Hidden World of Islamic Finance', By Harris Irfan

Faisal Hanif | Posted 12.11.2014 | UK
Faisal Hanif

Given that transparency is the one thing most people want from financial institutions in the post recession era, a book whose title evokes secrecy may be somewhat of a repellent. And yet Harris Irfan's work is perhaps the most accessible insight into a maligned and mysterious industry.

10 Surprising Reasons You're Broke

Marianne Power | Posted 20.12.2014 | UK Lifestyle
Marianne Power

Always in the red and lurching between credit cards and overdrafts? Me too. But if you think that your money problems would be solved simply by having more money - you're wrong.

Debt - The Silent Assassin

Mike Beeson | Posted 13.12.2014 | UK
Mike Beeson

I make the distinction here between 'consumer' and 'business' debt. Yes, they're different, but some of the effects of catastrophic corporate failure can have a similar impact on the personal lives of those caught up in a business collapse.

Wonga Has Just Made The Day Of 330,000 People

The Huffington Post UK/PA | Posted 11.10.2014 | UK

Payday lender Wonga has emailed around 330,000 customers to inform them it has wiped out their debt. The move is expected to see the firm lose out ...

How Not to Stress About Money

Benjamin Bonetti | Posted 29.11.2014 | UK Lifestyle
Benjamin Bonetti

The feeling of being trapped is a horrible feeling, when pushed into the corner we usually make irrational choices that further worsen the situation and prolong the suffering. If you're feeling trapped, with debts increasing and that light at the end of the tunnel is appearing further away then GET HELP! Remove any pride from your situation and reach out; you'll thank me if you do!

Protect Children From Payday Loan Adverts

Matthew Reed | Posted 16.11.2014 | UK
Matthew Reed

Many parents believe payday loan companies are using children's 'pester power' to pressure them into taking out loans. This is putting families that are already struggling to make ends meet under even greater stress, and can plunge them into debt.

How Did the Government Get Away With Charging Students 5.5% for a Student Loan?

Andrew Cunningham | Posted 03.11.2014 | UK Universities & Education
Andrew Cunningham

Did you know that compound interest is also chargeable from day one so that students pay interest on the interest? Thought you didn't. Did you know that to stop your student loan spiralling out of control, due to interest, a post graduate salary of £48,000 is needed before you begin to even chip away at the balance.

The Magic Men Making Us Broke

Vivi Friedgut | Posted 11.10.2014 | UK Lifestyle
Vivi Friedgut

Companies design for planned obsolescence - so that products breakdown forcing us to buy more and more often. But it was us that created psychological obsolescence. We want the newest, shiniest whatever the second it is available regardless of whether the slightly older, slightly less shiny thing is still working perfectly or is in no way demonstrably inferior.

Payday Lenders Target Debt-Ridden Families With New Nuisance Tactic

The Huffington Post UK | Asa Bennett | Posted 22.07.2014 | UK Politics

Payday lenders are "bombarding" debt-ridden families with unsolicited marketing calls pushing them to take out more loans, new research has found. ...

Will The Payday Loan Cap Actually Change Anything?

The Huffington Post/PA | Posted 15.07.2014 | UK Politics

People using payday lenders are to see the cost of borrowing fall significantly under a crackdown announced by the financial regulator today, but crit...

Wonga To Axe These Puppets In Bid To Stop Attracting Children

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK

Wonga's grandparent puppets, stars of the controversial payday lender's recent adverts, are to be axed as part of the firm's attempt to avoid "anythin...

This Watchdog Fears We Could Be In For Another Financial Crash

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK Politics

The global economy could be even more vulnerable to a financial crisis than it was back in 2007 due to the high levels of debt and markets' over-relia...

Big Banks Are Threatening People With Dodgy 'Wonga-Style' Lawyers

The Huffington Post UK | Asa Bennett | Posted 04.07.2014 | UK

Britain's biggest banks are hitting customers with legal threats from what appear to be independent lawyers, but are actually names used by the bank's...

Police Could Get Onto Wonga Over Fake Legal Letters Bullying Debtors

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK Politics

Wonga could face a criminal investigation after it emerged that the payday loans giant had sent "thuggish" legal letters from fake law firms to threat...

Wonga To Pay Millions For 'Unfair' Hassling Of Customers

The Huffington Post UK | Asa Bennett | Posted 25.06.2014 | UK Politics

Controversial payday loans giant Wonga will have to pay around 45,000 customers more than £2.6 million in compensation for "unfair and misleading deb...

You May Be Spending Too Much To Stop People Thinking You're Stingy

PA | Posted 24.06.2014 | UK

Fears about appearing "stingy" in front of friends and family are helping to plunge people into over £1,000 worth of debt which is purely related to ...

From Mindlessness to Mindfulness

Sharon Bull | Posted 12.08.2014 | UK Lifestyle
Sharon Bull

For years I allowed myself to believe material things were the key to happiness, love, admiration and friendships. I wanted people to respect me, believe in me and see me as the confident and vivacious woman that I truly didn't believe I was. Credit cards were like gifts from heaven as they hit the floor by the letterbox and the more I had in my purse, the better I would feel.

It's Time to Make the Government's Child Poverty Strategy Count

Matthew Reed | Posted 23.07.2014 | UK Politics
Matthew Reed

Child poverty is simply unacceptable and is damaging children's lives. Much more is needed to meet the government's commitment to end child poverty by 2020. By taking the actions we are calling for, the government would make a significant start towards achieving this goal and improving the lives of millions of children.

Shedding Money Worries and Unleashing Your Creative Beast

Martyn Sibley | Posted 03.07.2014 | UK Lifestyle
Martyn Sibley

Unless you don't follow me on social media or you live in a cave, you'll know that I'm staying in Spain for a few weeks. Beyond the sun, sea, culture, language and everything else I love about this country; it has also marked some very significant aspects of my life.

If The UK Is Recovering, Why Are 15 Million Still 'Living On The Edge'?

The Huffington Post/PA | Posted 10.04.2014 | UK Politics

Around 15 million people are "living on the edge" despite the improving economy, a report by a debt charity has warned. Stepchange said that these ...

Household Finances on the Edge

Peter Tutton | Posted 09.06.2014 | UK Politics
Peter Tutton

Our major survey of British family finances finds that 15 million people are already showing signs of financial difficulty, 13million wouldn't have the savings to keep up with their essentials bills for a month if their income dropped by a quarter, and 16million would consider using unsecured credit to keep up with essentials.

The UK Is £100bn More In Debt Than Osborne Tells You

The Huffington Post UK | Asa Bennett | Posted 08.04.2014 | UK Politics

George Osborne's austerity message is set to be dented by the government's own statistics body, as it prepares to adopt new calculations that mean the...