http://www.debtsorter.co.uk/debt-blog Personal debt news, tips, and strategies Mon, 05 Jan 2009 17:21:54 +0000 http://backend.userland.com/rss092 en The website thisismoney.co.uk is reporting that 38% of small business owners do not expect their operations to survive the next twelve months, while even more are planning to make redundancies. Research conducted jointly by the website and Financial Mail found that 66% are planning job cuts, and just over half have ... http://www.debtsorter.co.uk/debt-blog/debt-news/small-firm-redundancies-set-to-bite/ The Catholic primate of England, Cardinal Cormac Murphy O'Connor, has warned against just blaming the government for a spread of morality. His comments come after five Anglican bishops questioned the morality of the government's policies on spending. The bishops of Winchester, Hulme, Durham, Manchester and Carlisle were reported in the Sunday ... http://www.debtsorter.co.uk/debt-blog/debt-news/cardinal-unhappy-with-blame-game/ The 250-year-old maker of glassware and fine china, Waterford Wedgewood, has gone into receivership, with up to 1900 UK jobs being put at risk. The Ireland-based company announced the move this morning, and most of its 10 UK subsidiaries will be placed in administration later today. The UK brands include Royal Doulton. The ... http://www.debtsorter.co.uk/debt-blog/debt-news/waterford-wedgewood-latest-to-fall-to-debt-problems/ A new study has shown that 24 per cent of people coming up to retirement age are in debt. The study was disclosed by Just Retirement, the retirement solutions provider. Pensioners now have lower disposable incomes, due in part to the cost of essential services rising. Gas and electricity have risen ... http://www.debtsorter.co.uk/debt-blog/debt-news/pensioners-facing-debt-in-retirement/ Citizens Advice is hoping to recruit 1300 volunteers for three years. The new recruits will offer advice to consumers throughout the country on financial matters. Nationwide Building Society is to be a partner in the scheme, investing £3 million to help the venture. The director of policy for Citizens Advice, Teresa Pritchard, ... http://www.debtsorter.co.uk/debt-blog/debt-news/1300-voluteers-for-citizens-advice/ The Ministry of Justice has said that lenders are moving to secure credit card and loan debt agains houses. This is a further sign of the jitters that are affecting the lending industry as the credit crunch continues to bite. Banks are shoring up their lending positions, and are now ever ... http://www.debtsorter.co.uk/debt-blog/debt-news/lenders-to-get-tough-with-bad-debts/ British borrowers with credit card and loan debt will work an average of seventy days this year to repay interest on their borrowings, a report claims. Unbiased, an indedendent financial advisor website, claims that workers toil until March 10th to service the interest on unsecured borrowing. This is before any reduction in ... http://www.debtsorter.co.uk/debt-blog/debt-news/70-days-at-work-to-clear-interest/ According to a survey by the Financial Services Authority (FSA), almost a fifth of mortgage payers are worried about their ability to meet repayments in the next twelve months, and a quarter of these have no plans in place to deal with the situation. Although the survey was from a small ... http://www.debtsorter.co.uk/debt-blog/debt-news/mortgage-fears-prompt-fsa-campaign/ Last year in the UK, debt collection agencies and bailiffs chased 20 million cases of debt default. Many of these firms are using aggressive, yet legal, collection methods, and now there are calls for a clamp-down on collectors. Yet there are fears that collection agencies will be given even more power when ... http://www.debtsorter.co.uk/debt-blog/debt-news/boom-times-for-debt-collection-agencies/ A report out today suggests that parents are secretly saving to pay off  debts run up by their children while at university. Savings bank ING Direct, which published the report, says that many parents are keeping the savings a secret because they fear that if their offspring were aware of the safety ... http://www.debtsorter.co.uk/debt-blog/debt-news/parents-saddled-with-university-debt/