Weekly round-up

The election has been put in the shade this week by the eruption of the Icelandic volcano, which has caused financial problems for many.

The UK Cards Association have argued that credit card companies should not be held liable for those now risking personal debt problems, as the eruption was an ‘act of God.’

Meanwhile, the Council of Mortgage Lenders reported that the number of people taking on mortgages fell by nearly a quarter (24 per cent) between January and March.

Their figures show that less than £30bn (£29.5bn) in homeowner debt was taken on by Britons, compared to almost £40bn (£38.9bn) in the last three months of 2009.

And finally, the number of adults not working rose by 43,000 between December and February, according to the Office of National Statistics.

The unemployment rate now stands at 8 per cent, or 2.5 million. However, the number of benefit claimants fell by over 30,000 (32,900) in March to 1.54 million.

Debt management weekly roundup

11/03/2011

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Debt management weekly roundup

04/03/2011

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Debt management weekly roundup

25/02/2011

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Debt management weekly roundup

18/02/2011

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