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Debt management weekly round-up

10/09/2010











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Here is your round-up of this week's news in the field of debt management.

The biggest story this week is the revelation of massive levels of mis-charging at HM Revenue and Customs.

It is thought that as many as nine million people could be affected by errors discovered in the tax authority's records – with potentially disastrous consequences for people already struggling with debts and financial problems.

Another key development this week for anyone with debts is the Bank of England's decision to hold interest rates at their historically low level for the 18th consecutive month – in spite of growing concern about inflation.

Also looming large on the horizon, is a plan from energy regulator Ofgem to investigate how the big power companies sign up new clients.

A new survey this week also found that complaints against banks are on the rise, with Lloyds TSB remaining the most complained-about high street bank for the first half of 2010.
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