All the updated news related to Debt

All the news related to Debt updated in real time

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Spending on credit cards up a third amid cost-of-living crunch

Credit card spending has shot up by a third as more people turn to borrowing cash amid the cost-of-living crunch. UK credit card holders spent just under £20 billion in May, a 33% jump in the total spend compared to the same month last year, ...

17 Aug 2022 at 12:54

Cash use set to survive despite slump during pandemic – report

Cash may no longer be king but its rapid decline in use during the pandemic has at least eased, according to a report. Trade body UK Finance said many people were forced to use alternative ways of spending due to lockdowns and other Covid ...

18 Aug 2022 at 11:55

Inflation fuels jump in Government debt costs as borrowing hits £4.9bn

Interest payments on Government debt jumped by almost 40% last month as rocketing inflation continues to add to state borrowing, according to official data. The Office for National Statistics (ONS) said Government borrowing hit £4.9 ...

19 Aug 2022 at 16:01

Personal Finance

More than a third of people ‘have cut social activities amid high living costs’

People’s social lives are shrinking as they search for ways to cut back on their living costs, according to a debt help charity. More than four-fifths (84%) of people surveyed across the UK in August said they have been financially ...

27 Sept 2022 at 01:01

Personal Finance

64% ‘think banks and others should do more to help customers through crisis’

Nearly two-thirds of people believe banks and other financial providers should be doing more to help their customers during difficult economic times, according to a survey. Some 64% of people surveyed said banks and other ...

27 Sept 2022 at 01:01

Personal Finance

Fifth of adults behind on at least one bill, says charity

Around one in five (21%) UK adults are estimated to be behind on at least one household bill, up from about one in seven (15%) in March, according to a charity. Among those receiving means-tested benefits, 45% said they ...

21 Sept 2022 at 01:01

Personal Finance

Thousands seek breathing space from debts as insolvencies rise

More than 75,000 registrations for breathing space from debts have been recorded since May last year, as the number of people going financially insolvent across England and Wales has increased annually. And with ...

02 Aug 2022 at 11:53

Virgin Media O2 makes access to financial support websites free for mobile users

Virgin Media O2 has made it free for customers to access a range of financial support websites as part of its latest measures to help customers deal with the rising cost of living. The operator has zero-rated a ...

21 Jul 2022 at 10:16

Borrowing soars as runaway inflation pushes up interest

Interest payments on the UK’s debt helped push up borrowing last month, new official data shows. The Office for National Statistics (ONS) said Government borrowing hit £22.9 billion, the second highest June ...

21 Jul 2022 at 09:58

‘No time to lose’ to help those struggling with surging living costs

There is no time to lose to prevent the situations of people who cannot absorb surging living costs from drastically worsening over the coming months, a charity has warned. StepChange Debt Charity said the ...

18 May 2022 at 12:25

Scotland

MSPs warned of ‘significant increase’ in families in debt

There has been a “real, significant increase” in families experiencing public debt, MSPs have been warned. Holyrood’s Social Justice and Social Security Committee took evidence from experts on Thursday. ...

19 May 2022 at 12:43

Universal Credit recipients ‘turning off fridges and unable to heat homes’

A third of people on Universal Credit have not been able to afford to heat their homes for more than four days over the last month, according to a charity. Four in 10 adults receiving the benefit have ...

17 Mar 2022 at 01:25

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