Debt solutions needing for the fuel poor

Levels of fuel poverty have almost quadrupled to 4.6 million households in the last six years, adding to the debt woes of many.

In its eighth annual report, the government’s Fuel Poverty Advisory Group, also highlights that fuel bills could rise by a further 50 per cent, on top of the 125 per cent rise that has been seen over the last six years.

Many of these price rises have been down to paying for green initiatives. As we mentioned last week, 7 per cent of the average fuel bill goes on these environmental taxes.

Research from uSwitch.com has revealed that nearly half (44 per cent) of those polled think that green taxes should be balanced against affordability, whilst nearly a quarter (22 per cent) are more concerned about debt levels and just want cheaper bills.

"Grim" future of debt for Brits

16/09/2010

New unemployment stats show a slight drop in the numbers out of work, but there are fears it is the ...

Unchanged inflation, debt link

15/09/2010

Consumers are still being threatened by rising debt levels as CPI inflation stayed at 3.1 per cent i ...

Double dip debt risk

25/08/2010

Britons could find themselves needing more debt solutions in future, after a Bank of England adviser ...

8% interest rate heralds debt concern

24/08/2010

Interest rates need to be brought up to 8 per cent by 2012 in order to battle inflation, even though ...