Bank of England Warns of Growing Consumer Debt Crisis
Exclusive analysis reveals millions of Britons are struggling with bills and loan repayments as the Bank of England sounds alarm over growing consumer debt crisis.
Category : Search result: debt crisis
Illinois wipes out $1bn medical debt for 300,000 residents
Governor JB Pritzker announces revolutionary $10 million medical debt relief programme, set to eliminate bills for nearly 300,000 Illinois residents in one of America's most ambitious healthcare reforms.
Woking Council Bankruptcy: Property Investments Create Crisis
Exclusive investigation reveals how Woking Borough Council's disastrous property investments created Britain's worst financial crisis in local government history, with taxpayers facing astronomical debt.
195,000 households get energy debts wiped clean
Major energy debt relief announced as regulator clears £25 million in outstanding bills for vulnerable households across Great Britain. Find out if you're eligible for this financial lifeline.
UK Energy Debt Hits £3 Billion Crisis Point
New Ofgem data reveals Britain's escalating energy debt crisis with households owing £3 billion to suppliers. Discover how rising standing charges and vulnerable customers are struggling amid the cost-of-living emergency.
Surrey Labour splits over £1.2bn council debt crisis
Exclusive: Labour faces internal division in Surrey as two councils consider breaking away amid government pressure to address catastrophic local authority debt. The political earthquake threatens Starmer's authority in traditional Tory heartlands.
Woking Council declares bankruptcy with £1.9bn debt
Woking Borough Council faces financial collapse with a staggering £1.9bn deficit, joining a growing list of UK local authorities in crisis. Discover how risky investments and government funding cuts created this perfect storm.
Trump's $7.8 Trillion Debt Bomb Exposes GOP Hypocrisy
Exclusive analysis reveals stunning Republican U-turn on fiscal responsibility as Trump-era policies and pandemic spending drive US debt to unprecedented levels, creating a political minefield for the GOP.
Bradford Council sells historic halls to plug £150m debt
Cash-strapped Bradford Council launches emergency property sell-off, sacrificing treasured country halls and community landmarks to tackle catastrophic £150 million debt crisis.
US per capita debt surpasses Greece and Italy
Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.
ATO enlists debt collectors for tax recovery
The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.
Record low graduate student loan repayments revealed
New government data reveals a startling trend as the proportion of university graduates making student loan repayments hits unprecedented lows, sparking concerns about graduate employment and the sustainability of higher education funding.
US National Debt Crisis Accelerates at Record Pace
The United States national debt has surged past a terrifying milestone, growing at its fastest pace in history. Experts warn this unprecedented acceleration threatens global economic stability.
Thames Water Crisis: Suppliers Face Collapse Over £15bn Debt
Exclusive investigation reveals Thames Water, Severn Trent and other key suppliers are drowning in debt while planning massive bill increases up to 91%, raising fears of nationalisation.
Car repossessions hit highest rate since 2008 crisis
New data reveals alarming surge in car repossessions across Britain as cost-of-living pressures mount and household budgets crack under economic strain.
Reeves Under Fire Over £25bn Interest Bill Crisis
Chancellor Rachel Reeves faces mounting pressure as economists question her fiscal rules amid soaring government borrowing costs and a £25 billion interest payment bill that threatens Labour's investment plans.
Barcelona's £138m Debt Crisis Exposed in Documents
Shocking financial documents expose Barcelona's £138 million debt turmoil as club faces mounting pressure despite recent cost-cutting measures and player sales.
Financial stress epidemic hits millions in UK
New research reveals a growing mental health crisis as financial pressures mount across England and Wales, with Citizens Advice reporting record numbers seeking help for debt-related stress.
5 million Brits in debt for basic necessities
Shocking new data shows 5 million Brits have borrowed money for essentials as energy bills and food prices soar, with debt advice demand hitting unprecedented levels.
Global South Debt Crisis: Western Inaction Strangling Nations
Exclusive analysis reveals how mounting debt payments are crippling Global South economies while wealthy nations delay meaningful action. Discover the human cost and potential solutions.
ADHD Adults Face 5x Higher Financial Crisis Risk
Groundbreaking UK research reveals adults with ADHD are nearly five times more likely to face serious financial difficulties, with new study exposing the devastating mental health impact of money struggles.
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.
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.
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