FSA expresses concern over increasing level of frustration due to consumer debt
LONDON - The Financial Services Authority has warned that the growing consumer debt was increasing the level of frustration among consumers as they struggled to understand the increasingly complex financial mechanisms. This is the first time that the City watchdog has expressed concern in this regard.
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Sun, 29 Jan 2006 08:00 GMT |
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Debt helplines get more calls from entrapped people
With the Christmas spending over, consumers appear to be taking stock of their borrowings and seeking advice on how to manage them. Professional debt advice services have reported a substantial increase in calls from people wanting knowhow on managing debt.
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Tue, 17 Jan 2006 14:50 GMT |
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Corporate insolvencies up 11 per cent in 2005
Corporate insolvencies in Britain went up 11 per cent in 2005 and experts attributed the cause to slowdown in consumer spending, high energy costs and high prevalence of red tape.
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Fri, 06 Jan 2006 14:15 GMT |
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Belgium annuls Ethiopian debt
ADDIS ABABA, Ethiopia - Taking the first step towards fulfilling its commitment at the G8 summit in Gleneagles, Scotland as a part of the 19 members of the Paris Club, Belgium today signed an agreement to cancel €14.62 million of debt owed to it by the east African country of Ethiopia.
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Sun, 11 Dec 2005 12:05 GMT |
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Individual insolvencies in Britain at a record high
Individual insolvencies in Britain reached an all-time high of 17,562 in the third quarter of 2005, an increase of 11.6 per cent on the quarter and 46 per cent on the year -- and the highest since 1960 -- according to the department of trade and industry-compiled figures.
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Sat, 05 Nov 2005 08:25 GMT |
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LGA says council taxes will soar by 10% next year
LONDON - Council tax bills are set to increase by a whooping £100 by April next unless the Government provides a substantial subsidy for the same, local authorities have warned.
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Thu, 03 Nov 2005 08:40 GMT |
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Homeowners facing debt problems increase
Mortgage repossession orders in England and Wales increased in the last three months by about 66 per cent as compared to the same period a year ago. In fact, they have been on the rise since the early part of 2004. It is the highest rate since 1996.
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Thu, 27 Oct 2005 12:10 GMT |
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