Regulators blacklist nine unauthorised debt advice companies since April

Unscrupulous advertisers are mimicking the names of legitimate debt charities, research has revealed, raising fears that vulnerable people looking for help are at risk of bad advice. Since the start of April, nine companies purporting to offer debt advice have been placed on the Financial Conduct Authority’s blacklist of unauthorised firms, according to exclusive analysis … Read more Regulators blacklist nine unauthorised debt advice companies since April

Households could be £94 in debt on their energy bills by the end of summer

Energy customers could be in debt by £94 per household by the end of this summer – leading to a £2.6billion debt nationwide, new research has revealed. The ‘surprise’ debt will be accrued by the number of households using more energy during lockdown, according to analysis by Energy Helpline. Households are thought to be using … Read more Households could be £94 in debt on their energy bills by the end of summer

Coronavirus UK: Consumer debt falls a record £7.4bn in April

Britain’s £221billion consumer debt pile shrank by nearly £7.5billion in April, the largest fall ever recorded by the Bank of England. As households cut their spending during the coronavirus lockdown, the amount households they borrowed slumped to £11.8billion, almost half of the figure for February. Although the amount households paid back also dropped, the spending … Read more Coronavirus UK: Consumer debt falls a record £7.4bn in April

Saudi sheikh ‘sent 17 cheques that bounced’ as casino pursued him for £2million gambling debt 

Saudi sheikh who owns £45m London mansion ‘sent 17 bouncing cheques ‘ as casino that appeared in James Bond’s Dr No pursued him for £2m gambling debt Sheikh Salah Hamdan Albluewi accused of failing to settle the gambling debts Ran up the debt last September according to Les Ambassadeurs Club in Mayfair  The casino went … Read more Saudi sheikh ‘sent 17 cheques that bounced’ as casino pursued him for £2million gambling debt 

Britain’s national debt set to hit £2 trillion for first time

Britain’s national debt set to hit £2 trillion for first time as cost of Covid-19 pandemic soars By Hugo Duncan for the Daily Mail Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 Britain’s national debt is set to hit £2 trillion for the first time as the cost of the … Read more Britain’s national debt set to hit £2 trillion for first time