"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 calm before the storm, which will throw many Britons against the rocks of debt.
The figures from the Office of National Statistics (ONS) shows that 8,000 people were removed from the numbers out of work in the three months to July, but benefit claimants actually went up by more than 2,000 (2,300) in that time.
Shadow work and pensions secretary Yvette Cooper called this rise "grim" and remarked that "this is even before the major cuts take hold".
Whilst the unemployment total now sits at 2.47 million, the British Chambers of Commerce expects it to peak at 2.65 million in 2012, something that will lead many long-term unemployed to seek debt solutions.
Director of Atlantic Financial Management Kevin Still says, "Loss of income of any kind is really hitting UK consumers who have already had to tighten their belts for a sustained period of time.
Many people just keeping their heads above water and threatened by debt problems may now need debt advice and potentially a debt solution to deal with temporary or long-term financial difficulties.
Our advice in the first instance is to be prepared and to better understand your essential household budget."
"Grim" future of debt for Brits
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