With the March data now released, it’s time to assess what progress has been made over the past fiscal year in putting the UK public finances back on the straight and narrow. With tax revenue up a bit, and ignoring welfare and debt servicing costs, spending down a smidgen, there’s definite signs of movement. But [...]
IMF scratches at the surface of the eurozone debt crisis
So has Christine Lagarde, managing director of the International Monetary Fund, achieved the “Washington moment” she hoped for? In her own mind, she believes she has. The IMF’s spring meeting in Washington has succeeded in getting members to cough up more than $ 400bn of additional funding, which roughly doubles the amount the IMF has [...]
A Third Of New Mums Get Into Debt On Maternity Leave
Nearly a third of new mothers end up in debt during their maternity leave and are forced to cut their leave short as a result of their ailing finances. A survey of more 1,000 new mums found that 28% ended up in the red during their maternity leave, racking up an average debt of almost [...]
In 2015, 85% of Greece’s debt will be owned by European taxpayers
Eurozone finance ministers have reached a partial agreement on the second Greek bailout and a restructuring of the country’s debt, but they postponed a final decision to next week. They will probably get there, but this remains a bad deal for both Greece and eurozone taxpayers. As Open Europe has pointed out, Greece will most [...]
Britain becomes a nation of debt slaves as regulation and inflation deter saving
Now that interest on debts absorbs nearly a quarter of British households’ net income, according to the Consumer Credit Counselling Service (CCCS), many families are discovering how cruel a taskmaster compound interest can be. If you think conventional savings products – like pensions and managed funds – provide poor value, then just wait till you [...]
Debt knot tightens around households as families compensate out £200 a month on seductiveness payments alone
By This Is Money Reporter Last updated during 10:46 AM on 27th Feb 2012 A ‘debt noose’ is tightening around households, with families forking out roughly a entertain of their disposable income each month on seductiveness alone. The seductiveness weight for a final 3 months of 2011 reached an normal of roughly £200 a month, [...]
Europeans can’t handle a debt crisis, but they still trounce Americans when it comes to making stylish cars
Rarely is anything perfect. Almost everything has a wart or two. Take cars. They get involved in costly prangs. They sometimes refuse to start in the winter, and they get punctures. Except that they don’t at the Detroit Motor Show. Imagine a version of yourself with all the traits you don’t like removed and any [...]
Both Sides of Debt Consolidation Get The Key Facts
Defaults on debts are getting increased rates right now. These may cause heavy problems to the debt holder and to the economy. The process is that the defaulters of debt are being reported to credit firms and then the credit company will make some steps to cover the leftover debt. To fix your problems on [...]
How Medical Practitioners Can Recover Debt
Recovery of medical debts can prove to be a Himalayan task if you make an effort to do it alone. Medical debts may become trapped and ineffective cash to you if you’re a doctor or somebody that is running a healthcare facility. It is the exact same cash that when gathered can serve as capital [...]
The Distressing Reasons That Trigger Debt Consolidation
Many folks fall prey to the “free money” fabrication caused by credit cards. It is a convenient process that allows for you to pay for things even if you haven’t got any money with you. It might be fast and easy but it is a procedure that must be merged with restraint if you do [...]