Unemployment debt threat

The number of unemployed people in the UK continues to increase, sparking fears amongst some that debt problems could soon follow.

Figures from the Office of National Statistics (ONS) have shown that an extra 23,000 people, who were employed last quarter, have now lost their jobs.

The data puts the number of people in the UK without work at a staggering 2.47 million or 7.9 percent. That's compared to 7.8 percent in the three months to January.

Other statistics revealed that the number of economically inactive people in the UK had now reached 8.19 million, over 20 percent of the working age population.

Kevin Still, director of Atlantic Financial Management, says: "Loss of income is a major concern to many people who have limited financial reserves. debt problems can quickly arise and you should seek professional debt advice if your income drops suddenly."

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