Energy debt crisis hits £1,700 per household
Shocking new research reveals UK households are sinking into unprecedented energy debt, with average arrears reaching £1,700 as the cost of living crisis deepens.
Category : Search result: debt crisis
Bailiffs visit one UK home every 59 seconds
Shocking new data reveals bailiffs are visiting UK households at unprecedented rates as families struggle with mounting debt and rising living costs.
HMRC gains power to seize money from bank accounts
HM Revenue & Customs gains controversial authority to recover tax debts directly from personal bank accounts without court orders, raising privacy and fairness concerns across Britain.
Students owe UK universities nearly £500m in hidden debts
Shocking new figures reveal UK students are drowning in nearly half a billion pounds of hidden debt to universities, with some institutions writing off millions in unpaid fees.
US car repossessions hit highest level since 2008 crisis
Vehicle repossessions across America have surged to their highest level since the 2008 financial crisis, signalling growing financial distress among households as economic pressures mount.
Personal insolvencies surge 21% across England and Wales
New government figures reveal a worrying 21% increase in personal insolvencies across England and Wales, with thousands more facing financial collapse amid the ongoing cost-of-living crisis.
Global Debt to Hit 100% of GDP by 2029 - IMF
The International Monetary Fund issues stark warning as global government debt is projected to reach 100% of GDP within five years, with the UK facing particularly challenging economic headwinds.
France faces economic meltdown as Macron loses budget control
Exclusive analysis reveals France's looming financial catastrophe as President Macron battles soaring debt, political humiliation, and the threat of economic collapse that could ripple across Europe.
LA's mounting rental crisis threatens housing stability
Los Angeles County faces a mounting rental debt crisis as landlords struggle with millions in unpaid rent despite emergency COVID-19 assistance programmes.
250,000 Brits borrowing to pay basic bills
Shocking new research reveals 250,000 UK residents are turning to credit cards and loans just to cover essential expenses, with energy bills becoming increasingly unaffordable.
Dalio: US Debt Crisis Could Spark Internal Conflict
Bridgewater founder sounds alarm over America's unsustainable debt levels, drawing parallels to historical periods of great internal conflict
Universal Credit delays force millions into debt
Shocking new research exposes how Universal Credit payment delays are forcing vulnerable claimants into severe debt and financial hardship across the UK.
Low-paid workers trapped in payday loan and food bank cycle
Groundbreaking study exposes how Britain's lowest earners are being forced into high-cost borrowing just to afford basic essentials, creating a devastating debt spiral.
French crisis sparks global bond market meltdown fears
As France's political turmoil sends shockwaves through European bond markets, experts warn Britain and other governments face similar debt crises. Discover why global financial stability hangs in the balance.
15 million Brits have under £100 in savings
Exclusive: New research reveals 15 million Brits have less than £100 in savings, creating a financial crisis waiting to happen as living costs soar.
ATO chases decades-old tax debts from Australians
The Australian Taxation Office is aggressively pursuing taxpayers for debts dating back 20+ years, using new powers to recover money many believed was written off. Thousands face unexpected financial shocks.
Thames Water faces High Court over £18bn debt crisis
Britain's largest water company Thames Water is locked in a legal battle with regulator Ofwat as it struggles with £18 billion debt and potential collapse, threatening London's water supply.
Thames Water Faces High Court Winding-Up Petition
Britain's largest water supplier Thames Water confronts potential collapse as creditors file High Court petition over unpaid debts, raising concerns about London's water security.
LA Film School Accused of Predatory Lending in Lawsuit
A newly unsealed lawsuit alleges a major Los Angeles film school misled students with false promises of Hollywood careers, trapping them in crippling debt. The case exposes what plaintiffs call a 'predatory' for-profit education model.
HMRC's 'Breathing Space' for 1.4M in Tax Debt
Exclusive: HMRC launches a major new initiative to help over a million individuals and businesses struggling with tax bills, offering flexible payment plans and pausing debt collection.
OVO Energy launches £50m support fund for customers
Energy giant OVO is rolling out a major financial support package, including direct bill payments and debt write-offs, to help struggling UK households this winter.
UK Car Debt Crisis Echoes 2008 Financial Shock
Exclusive analysis reveals British drivers are buckling under a record £70 billion car finance burden, with soaring defaults threatening a 'Great Recession' style economic tremor. Discover the ticking time bomb in the UK's auto loan market.
Daily Mail's Stark Warning: UK Economic Crisis Looming
The Daily Mail issues a powerful critique of the UK's unsustainable economic trajectory, warning of dire consequences from unchecked public spending, soaring debt, and a looming crisis that threatens future generations.
Personal Insolvencies Surge 23% in England & Wales
New government data reveals a sharp 23% rise in personal insolvencies across England and Wales. Individual Voluntary Arrangements (IVAs) are the primary driver, highlighting a growing debt crisis.
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
Victoria Beckham Weeps Over Brand's 'Millions in Debt' Crisis
Victoria Beckham is seen weeping in a shocking new documentary trailer as she reveals the immense financial pressure and 'millions in debt' her fashion brand faced, challenging the family's picture-perfect image.
Mum clears £36k credit card debt with simple method
A UK mother reveals her simple but effective 'snowball method' to become debt-free, paying off a staggering £36,000 in credit card debt on an average income. Her story is an inspiration to families struggling with the cost of living.
Debt Collector Hell: Pursued for a Stranger's Bills
A UK man's five-year ordeal with relentless debt collectors over a stranger's unpaid bills exposes a shocking flaw in the system. Discover how to protect yourself from wrongful debt pursuit.
France Credit Rating Downgraded by Fitch Amid Debt Crisis
Credit agency Fitch downgrades France's sovereign rating to 'AA-' with a negative outlook, citing political instability, rising debt, and economic uncertainty under President Macron's government.
Tricolor Finance Collapse: Car Buyers Face Financial Ruin
Exclusive: Major UK car finance provider Tricolor enters administration, leaving customers with unresolved debts and undelivered vehicles. Full investigation into the consumer crisis.
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