THE ultimate in no-fuss bankruptcies has been put before Parliament for approval. To qualify, you need only persuade a public official that there is no way you can ever pay what you owe. One year later, your insolvency would be discharged and your debts written off. No courts would be involved.
Banks are alarmed by the [...]
The Tories have outlined a six-point plan to tackle the growing personal debt “crisis” among people in the UK.
They want people to better understand financial matters, with banks and credit card companies lending more responsibly and being more transparent.
Shadow chancellor George Osborne also called for a seven-day “cooling off” period when store cards were acquired.
But [...]
First-time buyers will have to fork out a cool million pounds to get a foothold on the property ladder in less than 20 years, data showed on Monday.
The average first-time buyer home in the UK will hit the million pound mark in the second quarter of 2024, if the current trend in house price and [...]
Britain’s debt epidemic has worsened, with the number of people in serious difficulties increasing by 400,000 in the past six months, figures showed on Thursday.
A total 8.4 million adults, a fifth of the population, now have unsecured debts of 10,000 pounds or more — up from 8 million in April, according to debt consultancy Thomas [...]
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