UK Debt

Capital Markets Union - A New Frontier of Europe's Single Market?

Molly Scott Cato | Posted 28.04.2015 | UK Politics
Molly Scott Cato

It could have come straight out of an episode of Star Trek. "Captain, we are approaching the Capital Markets Union, a new frontier." But the plan to c...

Why UK Politicians Cannot Tell The Truth

David C. M. Carter | Posted 15.04.2015 | UK Politics
David C. M. Carter

It struck me today why no politician can ever tell the truth to voters. Why they never answer the direct question interviewers ask them. It's shockingly naïve of me to not have worked it out sooner.

Debt: Are Self-Employed the Most Vulnerable?

Michael J MacMahon | Posted 09.04.2015 | UK
Michael J MacMahon

The UK's high level of personal indebtedness - our addiction to debt, as it's sometimes called - is a known phenomenon. If the upward trend continues, might self-employed people again be the most vulnerable, with their variable incomes?

How Worrying About Money Affects Your Degree (and How to Stop)

Owen Burek | Posted 09.04.2015 | UK Universities & Education
Owen Burek

Knowing how the system works won't magic any more money into the pot, but if you don't know you're being undersold you can't challenge it. Get clued-up, and don't quit until you get what you're entitled to.

Things to Consider Before Your Debt Spirals Out of Control

Susan Leigh | Posted 01.04.2015 | UK Lifestyle
Susan Leigh

Awareness of the burden of debt many people are struggling under is regularly discussed by national surveys, the media and government advisory bodies. For many students, young people and families increasing debt is a cause for serious concern.

Generation Screwed

John O Connell | Posted 27.03.2015 | UK Politics
John O Connell

After the Greatest Generation, the Baby Boomers, Generation X and the Millennials, today's young people look set to be Generation Screwed unless politicians take action. With less than six weeks until the election, politicians should stop treating young people as a youthful but silent cash cow of borrowed money, just because they don't cast as many votes as the elderly.

If Britain Is Broken - They Didn't Break It

Duane Hopkins | Posted 04.05.2015 | UK Politics
Duane Hopkins

I was born in 73. I grew up in a working class family. A big family. A working class family that was part of a community. A community that was empl...

Greek Debt in a Nutshell

Ian Baxter | Posted 07.04.2015 | UK Politics
Ian Baxter

New Greek Finance Minister Yanis Varoufakis is cutting a dash as he jets around Europe economy class. It certainly makes a change to see a leader so seemingly down to earth even if I think he'd look more credible with his shirt tucked in. But as the rest of the Eurozone wonders how to solve a problem called Syriza what are the rights and wrongs of this situation and where can the solution be found?

Energy Companies Need to Show Some Warmth to Families in Energy Debt

Matthew Reed | Posted 23.03.2015 | UK
Matthew Reed

Four in ten of the families we surveyed who had faced energy debt felt intimidated by their energy company, with 48% of families reporting that they were not treated with respect or given the support they needed.

The Path to Ruin or Prosperity

Christopher Bacon | Posted 16.03.2015 | UK Universities & Education
Christopher Bacon

In the build up to the May general election, David Cameron has issued a stark warning that voting for Labour (or presumably anyone other than the Conservatives) means "choosing the path to ruin."

If This Is a Plan Working...

Daniel Woods | Posted 15.04.2015 | UK Politics
Daniel Woods

The prologue to this election has been a narrative of disaffection and apathy among the public over a lack of real choices, real differences between the main players. But I don't see that - I see big differences, and very clear choices.

Tackling Debt Must Become a National Priority

Mike O'Connor | Posted 09.03.2015 | UK
Mike O'Connor

Debt is a serious problem. It is not just a problem for those unfortunate enough to be struggling with financial difficulties, but for all of us - debt costs society £8.3billion. These costs come in the form of additional health care costs, increased welfare spending, and reduced workplace productivity.

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 12.01.2015 | 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 12.01.2015 | 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 11.01.2015 | 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...