Unchanged inflation, debt link
15/09/2010Consumers are still being threatened by rising debt levels as CPI inflation stayed at 3.1 per cent in August – way above the 2 per cent target.
The Office of National Statistics' (ONS) figures mark the first time in three months that the headline rate of inflation has not fallen.
The current rate has been blamed on strong rises in clothing and food prices, as well as airfares, which are particularly likely to leave people seeking debt solutions if they overstretch themselves financially over the summer holidays.
Buying winter clothes could also see consumers needing debt help, after Primark announced that it had raised prices due to increased costs.
Debenhams warned that similar was expected for the entire industry
"Grim" future of debt for Brits
16/09/2010New unemployment stats show a slight drop in the numbers out of work, but there are fears it is the ...
Unchanged inflation, debt link
15/09/2010Consumers are still being threatened by rising debt levels as CPI inflation stayed at 3.1 per cent i ...
Double dip debt risk
25/08/2010Britons could find themselves needing more debt solutions in future, after a Bank of England adviser ...
8% interest rate heralds debt concern
24/08/2010Interest rates need to be brought up to 8 per cent by 2012 in order to battle inflation, even though ...
