Category : Search result: US debt crisis


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.

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.

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.

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.

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.

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.

1.7 Million UK Homes in Energy Bill Debt Crisis

A staggering 1.7 million UK households have fallen behind on their energy bills, with total debt hitting a record £3.1 billion. This winter, millions face the stark choice between heating and eating as the cost of living crisis deepens.

Badenoch Denies UK in Secret IMF Bailout Talks

Business Secretary Kemi Badenoch has categorically denied that the UK is in talks with the IMF for a financial bailout, calling the speculation 'ridiculous' amidst growing concerns over the nation's debt and welfare spending.

UK Welfare Scandal: Govt Apologises for False Debt Claims

Exclusive: A major administrative failure within the UK's welfare system, likened to Australia's 'Robodebt' scandal, has triggered a government apology and a planned compensation scheme for thousands wrongly accused of owing money.

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