Debt management weekly round-up

There've been a lot of official figures released this week, all of which suggest that Britons' debt misery is far from over.

The Office of National Statistics (ONS) has been busy, releasing inflation figures which show that the CPI measure remains at 3.1 per cent, which increases the need of people needing debt help by keeping prices relatively high.

The ONS also issued new unemployment figures, which show a slight drop for the three months to July, although shadow work and pensions secretary Yvette Cooper predicts "grim" times ahead.

Meanwhile, the Financial Ombudsman Service (FOS) has shown that financial institutions aren't helping their customers' debt problems, with more than 80,000 (84,212) new complaints directed towards them in the first half of this year.

Kevin Still, director of Atlantic Financial Management, commented: "As from previous reports, the primary culprits are still the major banks who are meant to be treating customers fairly.

Complaints about overcharging and poor customer service for people with debt problems remain rife."

Debt management weekly roundup

11/03/2011

The theme of the news in the realm of debt management this week, seems to be about how people with d ...

Debt management weekly roundup

04/03/2011

The big news in the field of personal finance and debt management this week has been the European Co ...

Debt management weekly roundup

25/02/2011

It appears debt problems could well be made worse by Brits underestimating the cost of life's big ev ...

Debt management weekly roundup

18/02/2011

Debt problems are still rife in the UK in 2011, despite the recession officially ending several mont ...