North West based debt management specialists No Debt Now are planning to relocate to Altrincham in the new year. The company offers debt advice and assistance to consumers that are having difficulty keeping up repayments on unsecured credit commitments, including credit cards and personal loans. For the majority of clients the most suitable course of [...]
November, 2008
RBS In Government Hands
The Royal Bank of Scotland’s attempt to recapitalise with a share issue has had a very small uptake from the market. The government will now take up the shares and will own around 58% of the RBS group, which includes NatWest Bank. The government will pay around £15 billion for it’s stake in the group. [...]
Debt Management Firms Get Busy
UK Debt Management companies are dealing with increased demand for their services in light of the current financial meltdown. Large numbers of cash strapped consumers are finding it hard to make ends meet and are seeking debt advice and debt help programmes as a means of relief from their problems. There has also been a [...]
Woolworths Shares Suspended
Woolworths shares have today been suspended whilst the company looks for a buyer. The retailer is currently in talks with a view to selling its chain of nearly 850 stores. The sticking point, it seems, is the large debts that the firm currently has, which according to reports is close to £400 million. It has [...]
Debt Advice On The Increase
There has been a sharp increase in the number of consumers that are seeking debt advice from specialists. This is largely due to the effects of the credit crunch, with house values falling and unemployment rising, more and more people are finding themselves in financial difficulty and speaking to debt advice companies about the possible [...]
Darling Under Attack
The conservative party have attacked the chancellor, Alistair Darling, over his plans to rescue the economy. The under fire chancellor has been accused of a reckless gamble with Britain’s finances by proposing tax cuts designed to encourage people to start spending again that will leave the UK with a “trillion pound” debt. Mr George Osborne, [...]
Reduce Tax Now Says Brown
Cutting taxes now is the only way to avoid a deep and long lasting recession according to prime minister Gordon Brown. This shock move will require the government borrowing billions now to pay for the tax cuts, that will have to be repaid later in the form of tax rises or public spending cuts. It [...]
Labours Biggest Test
Record numbers of UK consumers are now in need of debt advice or are already on debt management programmes and IVAs. Unemployment is set to rise, small businesses are failing on a daily basis and the prospect of a long, hard recession is looming. We are currently faced with the worst economic outlook for nearly [...]
Debt Problems – Repossessions Up
According to the Council of Mortgage Lenders the number of houses repossessed has increased by 12% in the third quarter of this year. There was also an 8% increase in the number of homeowners that are struggling with mortgage debt arrears. The number of court orders for repossession increased by 3% for the same period, [...]
High Street Sales Slow
Figures released today are expected to confirm that high street sales fell again last month after a similar fall in the previous month. ONS data confirmed that sales in September fell by 0.4%, reducing annual growth to under 2% from a figure of 3.3% in August. The boom in high street sales has largely been [...]
