UK Debt

The Harm Caused by Nuisance Calls and Texts

Peter Tutton | Posted 28.12.2013 | UK Tech
Peter Tutton

These types of calls and messages have the potential to cause serious harm. Our research shows that 3.2 million British adults have been left afraid to answer the phone as a result of unsolicited marketing calls and text messages.

Families Struggle With Cost of Looking After Homes

David Holmes | Posted 06.12.2013 | UK
David Holmes

Low income families are penalised by the poverty penalty that forces them to pay more for essential goods and services, because they are so often excluded from mainstream credit. This creates a cycle of debt and poverty, making it much harder for people to run a home, or in extreme circumstances, leaves them unable to afford the absolute basics such as beds and fridges. Unsurprisingly, the poorest and most vulnerable families are most likely to suffer from living in what are effectively "broken houses".

Robbing Peter to Pay Paul

Rob McDowall | Posted 23.11.2013 | UK Politics
Rob McDowall

Payday Loans have become a hot topic and a regular feature in the British press week in, week out. The market has grown significantly and although the Office of Fair Trading (OFT) have no official figures on exactly how much the sector is worth it estimated it at around £900 million in 2008 with Consumer Focus estimating the total value of loans made in 2009 at £1.2 billion.

How To Recover Emotionally From Debt

Kate Northrup | Posted 20.08.2013 | UK Lifestyle

More than half of us are still struggling financially, as we continue to cope with the aftershocks of the double-dip recession. So, if you are wor...

Caroline Frost

Clarke's Fears For 'A Fortnight's Savings' If Mortgage Rates Rise

HuffingtonPost.com | Caroline Frost | Posted 07.08.2013 | UK Politics

The country isn't prepared for a rise in interest rates, as most people have only "two weeks' savings" to rely on before they are plunged into financi...

Mercenaries, Loan Sharks and Exploitation: The Blueprint of Success for the 21st Century Entrepreneur

Marko Kasic | Posted 04.10.2013 | UK
Marko Kasic

As it turns out, most real entrepreneurs never tried to be entrepreneurs. They just set-out with a passion which often became an obsession to achieve their goal of adding-value through a new idea.

Spend Less, Save More and Be Happy by Setting and Achieving Financial Goals

Alex J. Campbell | Posted 05.10.2013 | UK Lifestyle
Alex J. Campbell

The current 'see it, buy it' credit card culture has meant that for many people financial goals no longer exist. However, many major financial commitments such as buying a property, saving for retirement or investing in your business can't be paid for by credit card and take real planning and dedication to save for.

Are Banks Making It Harder to Borrow Just as Payday Loans Get Easier?

Alistair Niederer | Posted 29.09.2013 | UK
Alistair Niederer

The criticism is unfair because it always focuses on the APR. Companies like Wonga offer a very specific product, which is fast cash for a short period of time. The media uses the APR rate as a comparison, but APR doesn't work very well when loans are quoted over a short period of time.

My Shopping Obsession

Harriet Williamson | Posted 29.09.2013 | UK Universities & Education
Harriet Williamson

I browse for clothes online every day and go into town to look for new items twice a week. I have at least sixty dresses. I'm also a student. If there's a rehab for clothes addicts, I'm definitely checking in.

UK Needs Seven Million More Migrants Over Next 50 Years To Keep Down Debt

PA/ The Huffington Post UK | Posted 18.07.2013 | UK

Britain needs seven million migrants over the next 50 years to help keep down national debt levels, according to the official forecaster. The Offic...

Young and Successful but Will I Ever Be Able to Afford a Mortgage? Unlikely

Jessica Rose | Posted 15.09.2013 | UK Politics
Jessica Rose

It's currently easier to run a successful business than it is to buy a flat as a young person starting out on the property ladder. A 10% deposit of £20 or £30 grand just isn't realistic for those on average incomes, nationally £26k a year.

'Zombie Firms Will Be Killed Off By Interest Rate Surge'

The Huffington Post UK | Asa Bennett | Posted 15.07.2013 | UK Politics

Many “zombie” businesses are still alive due to the low interest rates at which they can pay off their debt, Business Secretary Vince Cable has wa...

Lean Times

Sadie Brown | Posted 09.09.2013 | UK Lifestyle
Sadie Brown

Earlier today I committed the ultimate beauty regime shame; I shaved my legs. I'm appalled at myself reaching this all time low in the sexy stakes. Waxing is the only way. But as I rinse out the razor in my private shame, I have to face it: I'm in lean times.

Mehdi's Morning Memo: All In This Together? Come Off It

Huffington Post | Mehdi Hasan | Posted 11.07.2013 | UK Politics

The five things you need to know on Thursday 11 July 2013... 1) ALL IN THIS TOGETHER? COME OFF IT Whether or not you agree with the guys and gir...

Can You Live Your Life Without Debt?

Daley James Francis | Posted 03.07.2013 | UK Lifestyle
Daley James Francis

As soon as the country falls into the mess of recession, that's when the prudence comes in, but by then it's too late. We're used to getting what we want when we want it in this country, and we've provided our own undoing as a result by living beyond our means.

The Desperate Customers Struggling With FIVE Payday Loans

Posted 25.06.2013 | UK

Payday loan debts have rocketed by almost 50% in some areas - and thousands of people have taken out five or more at some point. StepChange said th...

Are You Buying Stuff Cecause of Low Self-Esteem?

Vivi Friedgut | Posted 23.08.2013 | UK Lifestyle
Vivi Friedgut

Financial freedom is not a Pollyanna'ish vision of a lifestyle bereft of funds, nor is it the idea that one can easily generate sufficient passive income to fund a desired lifestyle without having to do any actual work. It is the idea that you can live without financial fear, without debt feeding your sleep with nightmare.

Child Refused School Lunch Over Parent's £1.75 Debt

The Huffington Post UK | Posted 12.06.2013 | UK

A furious parent has hauled his two children out of school after dinner ladies refused his son lunch because of a £1.75 debt. Gary Lynn, who also ...

Guatemala's Genocide Conviction Is Historic - But Rios Montt Can't Go Down Alone

Nick Dearden | Posted 16.07.2013 | UK
Nick Dearden

Former Guatemalan military dictator Efrian Rios Montt was found guilty of genocide this week. It's time to go after those who funded him.

When the Sovereign Debt Bubble Bursts, Things Will Get Nasty

Harry Cooper | Posted 08.07.2013 | UK Politics
Harry Cooper

What do Greece and an unemployed homeowner in Arizona have in common? They are both bankrupt with no hope of ever being able to pay back what they owe. As I wrote this, I realised it sounded as though I were making a joke (and a bad one at that). The reality is, unfortunately, not funny in any sense, but actually far more worrying.

Rethinking the UK's Foreign Policy Role

Mike Giles | Posted 06.07.2013 | UK Politics
Mike Giles

Despite the US-led invasion of Afghanistan starting back in October 2001, around 9,000 British soldiers still remain stationed in the country to this day, with a remit of training up local military forces to take over security by the end of 2014.

Mehdi's Morning Memo: Come 2015, It'll Be 'Time For A Change'

Huffington Post | Mehdi Hasan | Posted 30.04.2013 | UK Politics

The ten things you need to know on 30 April 2013... 1) COME 2015, IT'LL BE 'TIME FOR A CHANGE' The right-wing media echo chamber keeps telling u...

Public Sector Borrowing Down £300m

PA | Posted 23.06.2013 | UK Politics

Britain's finances remain under intense pressure after figures today showed annual net borrowing managed only a slight dip to £120.6 billion in the f...

Morrison Slashes 700 Jobs After Osborne's 'Hardworking People' Speech

Huffington Post UK | Felicity Morse | Posted 10.04.2013 | UK

Nearly 700 jobs are at risk at Morrisons, the supermarket where last week George Osborne made a speech in defence of cutting benefits, saying he would...

George Osborne Tells Tory MPs 'No Shock Therapy' For The Economy

The Huffington Post UK | Posted 26.03.2013 | UK Politics

George Osborne has rejected calls from the right-wing of the Conservative Party that he administer "shock therapy" to the economy in order to kickstar...