News

People with mental health problems are more likely to have debt problems.  Money worries are also seen as a contributing factor to mental health issues for many.  The stress and anxiety felt when people are struggling with debts is sometimes just too much for people to cope with. Mental Health UK says up to 4 ...

Renters could face rising debts in the future. Rents rise by 16% between 2011 and 2017 outstripping wage rises. The housing charity, Shelter, have released the result of research which indicates that renting a property has increased 60 per cent faster than average wages across England since 2011. It says in the private rental sector, ...

Short term lender Wonga’s Chief Executive,Tara Kneafsey, warned directors some weeks ago that the company risked going bankrupt without an injection of funds. A £10m rescue package has been raised from long standing investors.  It is understood that the cash injection came from venture capital funds such as Accel Partners and Balderton Capital. The decline ...

The Joseph Rowntree Foundation (JRF) is an independent social change organisation working to solve UK poverty and it has just revealed its latest research.  It shows how low-income families now need a third more disposable income than they did 10 years ago just to make ends meet.  The research has been comprehensive, carried out over ...

50 per cent of people regularly need to borrow money to make ends meet, rising to 70 per cent of under 30s. The recent interest rate rise from The Bank of England from 0.5% to 0.75% comes just when news that UK households are spending more, on average £900 more each year, than they earned ...

The office for National Statistics, (ONS), has issued a report – titled “Making ends meet: are households living beyond their means?” The report found that there was a deficit among UK households, equivalent to 1.2% of GDP, in contrast with France who had a surplus equivalent to 2.7% of GDP and Germany with a a ...