92 results for "debt"

One recent study found that half of all Universal Credit recipients lose some of their payments due to automatic deductions implemented by the Department for Work and Pensions (DWP). Claimants...

UK banking officials and pension fund managers have expressed concern about the potential market failure of long-term government Bond auctions, which could plunge the country into financial turmoil similar to...

According to data from the Student Loans Company obtained by the BBC, the highest student debt has now surpassed £230,000. Student Loan Debt in the UK Reaches New Heights According...

According to a campaign group, more than 6.7 million people in the UK are in financial difficulty as the cost of living pushes more families into debt. Rising Insolvency Rates...

The resolution to Britain's growing public debt crisis demands a comprehensive fiscal overhaul. Despite this urgency, both the current Tory government and the anticipated Labour successor exhibit a notable reluctance...

SEC Chair Gary Gensler who previously supervised federal debt market management at the U.S. treasury, has advocated a move that requires almost all the treasury trading to move to a...

As of 2022, the United States grapples with a staggering student loan debt exceeding 1.76 trillion U.S. dollars, a figure swiftly approaching the 2 trillion mark. This debt, accrued by...

The U.S. national debt has reached new heights as it hits a record-breaking $34 trillion. Experts in economy have become increasingly concerned about the debt crisis in the United States...

Britain's energy suppliers are announcing a £500 million fund to help households with soaring winter bills. Is it a lifeline, or a short-term solution?

A major energy supplier is compensating hundreds of thousands of customers after a billing error left many without final statements or refunds. The issue has sparked widespread concern and a…

Struggling with rising bills? A new £250 cost-of-living payment is set to bring relief to thousands of UK households. Here’s how the scheme works and who stands to benefit.

The UK's leading lenders have increased fixed mortgage rates in the wake of Budget-related rises in borrowing costs and market uncertainty. Homeowners and buyers now face a tightening market as…

The Department for Work and Pensions (DWP) is under increasing pressure to help disability benefit claimants access Winter Fuel Allowance (WFA) as a result of recent government cuts.

The Department for Work and Pensions is implementing significant changes to Universal Credit payment rates from April 2025, as announced by Rachel Reeves, Chancellor of the Exchequer, at Labour's budget…

The UK government has armed the DWP with new powers to directly deduct funds from bank accounts in a move to tackle growing benefit fraud concerns.

By 2026, new regulations for “Buy Now, Pay Later” (BNPL) services will introduce enhanced financial protections for consumers.

Pensioners face uncertainty as the government considers cutting the tax-free withdrawal limit from £268,750 to £100,000.

On October 8th, the Department for Work and Pensions (DWP) introduced new plans to help fight benefit fraud by working with banks to monitor claimants.

The Department for Work and Pensions (DWP) provides loans of up to £812 to UK households facing financial difficulties. These loans can help cover expenses like rent, furniture, and funeral…

People who qualify for the Winter Fuel Payments will begin receiving the money in their bank accounts starting November.

Having trouble covering the costs of Christmas? If so, check out the grants and charitable programmes that offer grants to help you have a stress-free Christmas.

UK households could receive up to £3,225 in Cost of Living payments by Christmas, with various schemes offering vital support.

Experts warn that reducing tax-free pension cash could force retirees into debt, downsizing, or delayed retirement. With the October 30 budget looming, many have already made hasty financial decisions amid…

Hundreds of thousands of people claiming benefits from the DWP have been hit with an unexpected bill, facing debts of £20,000. DWP Seeks Repayments from Carers Over Benefit Overpayments As...

UK households may be able to reduce their council tax to £0 for the year. This warning was issued as an alarming 1.3 million families struggled to pay their Council...

The Department for Work and Pensions (DWP) has issued an important warning to state pensioners who claim Tax Credit. The individuals concerned will be sent a letter in the post...

Immediate financial cuts worth billions of pounds will be announced by Rachel Reeves, the Chancellor, as part of her plan to resolve a £20bn shortage in the national accounts. The...

In Middlesbrough, thousands of residents might be eligible for a £140 payment under the Household Support Fund, an initiative that has been extended by the former Conservative Party government. This...

The Department for Work and Pensions (DWP) has announced that it has discontinued the benefit claims of 184,000 people transitioning to Universal Credit. People Urged to Transition to Universal Credit...

The Bank of England is not very optimistic about the French elections. The Bank reckons that the French elections are likely to shake up the world's financial scene and even...

In its latest crackdown on fraud and error, the Department for Work and Pensions (DWP) has affirmed it is issuing urgent messages to Universal Credit claimants. Authorities are conducting  'targeted...

Citizens Advice recently published its latest assessment of the customer experience of UK energy suppliers, information that shows which suppliers offer the best or worst customer experience. The independent advisory...

July will be a month of major changes in your pocket, with Ofgem lowering its price cap as well as new rules by some of the biggest high street banks....

The Resolution Foundation, a leading think-tank, has warned that record immigration has not made Britons richer, and has instead masked a major productivity crisis. Britain's Record Immigration Levels and Economic...

The Department for Work and Pensions (DWP) has provided a full overview of the eligibility criteria for the recently extended Household Support Fund. The extension, which runs until the end...

Thousands of Shropshire residents are to receive a £400 payment to help ease the current cost of living crisis. The council has secured an extra £2.1 million as part of...

This June is set to bring an avalanche of financial updates that could affect your personal finances. From new cost of living payments to Universal Credit updates, here's a look...

The government is presently attempting to recover almost £251 million from 138,000 carers. This information was revealed in a written parliamentary response and comes as ministers are being pushed to...

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

Nationwide has "doubled" an essential customer benefit as part of a substantial cost-of-living increase. Nationwide, the UK's largest building society, which competes with Lloyds, HSBC UK, Santander, NatWest, and others,...

The Department for Work and Pensions (DWP) has recently announced two major changes are to be made to Universal Credit, which could have an impact on the financial situation of...

UK energy company British Gas has announced an "innovative" new scheme under which it will match payments made by customers to clear energy bill arrears. This scheme aims to help...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

Energy companies are currently sitting on £3 billion of costumers' money, with the average household in credit owing £210. UK Energy Consumers Eligible for Refunds Up to £315 Energy consumers in the UK...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

Amid the cost of living crisis, a substantial number of people in the UK may be eligible for a range of financial support schemes and discounts facilitated by the Department...

While the largest student loan debt has skyrocketed to £213,000 and the average outstanding sum in England hit £45,000, students from Scotland enrolled in Scottish universities enjoy exemption from tuition...

More than half of the main energy firms' customers may be eligible to claim refunds on their bills, as it is revealed that millions of individuals are sitting on rising...

The British government will be strengthening the Department for Work and Pensions (DWP) by extending its powers to combat benefit abuse. Akin to the authority held by HM Revenue and...