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9 March 2012
A press release from the Institute for Fiscal Studies, published just yesterday, takes a look at how household finances have changed recently - and what's likely to happen to them over the next few years.
Entitled ' Households with children to lose most from tax and benefit changes in coming year ' - and just two pages long - it's well worth a read.
2 March 2012
2012 kicked off with an increase in personal debt levels, the latest figures from the Bank of England tell us , as people borrowed an additional £1.8 billion - most of it secured against property.
The first month of the year saw people in the UK secure an extra £1.6 billion of debt against their property (e.g. mortgages and secured loans).
24 February 2012
According to analysis by The Economist , the British economy has lost a lot of the progress made in recent years. We have been set back by eight years, following the economic crisis that started nearly five years ago.
The figure of how far we have been set back is calculated by looking at three categories to do with the economy. The first category groups together household wealth, financial-asset prices and property prices. Many households are in debt today and property prices have, in many cases, declined since pre-recession levels - the Economist says British property prices are seven years behind where they 'should' be.
IVAs, DROs and bankruptcies - an analysis
In the last final months of last year, 28,973 people in England or Wales entered a personal insolvency solution - an IVA , DRO or bankruptcy. R3, the leading ...
Total CCJ debts 'fell £309 million in 12 months'
Annual statistics from the Registry Trust, a non-profit organisation which registers all County Court Judgments (CCJs) in England and Wales, shows the total debts amongst people issued with CCJs is ...
Scottish bankruptcies still falling
The number of people declared insolvent in Scotland has fallen again, to the second-lowest level we've seen in four years. In the final three months (the fourth quarter) of ...