Debt reasons: Spending Review
21/10/2010Households in the UK will have breathed a sigh of relief as one of the debt reasons expected to hit families hardest this week did not materialise.
However, despite the fact that child benefit will still be received by families who do not have enjoy a high income, there will still be many people seeking debt advice following the cuts.
The loss of almost half a million jobs [490,000] will devastate consumers already struggling with debt.
Given the difficult jobs market – which is about to get worse given the 19 per cent public department cuts across four years – the situation will no doubt supply a huge amount of debt reasons.
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