Britain’s ratio of debt to
Figures from consumer website unbiased.co.uk showed that for every pound put away, 32 pence is now being spent.
This comes after figures for the third quarter of 2009 indicated that
During the same period, the total amount of debt declined by only £1 billion from £5 billion to £4 billion, with the total amount owed still double what it was at the start of 2009.
Chief executive of unbiased Karen Barrett commented: “After the dramatic retreat from
Such a situation could mean that debt management problems are getting worse for many, while those seeking
Spokesman for chartered financial planners Informed Choice Martin Bamford recently predicted that household budgets will come under yet more pressure in 2010, with more job losses and rises in both taxes and interest rates to come.