Debt worries fading in UK

Adults in the UK are less concerned about debt than they were three months ago, reveals a new poll.

A threatened increase in interest rates, rising gas bills and taxes do not bother 76 per cent of all respondents, an increase of one per cent from the first three months of 2006.

Britons also seemed equally sanguine about their debts regardless of how much they owe, revealed the CreditExpert report.

Just 18 per cent of those with multiple debts ñ classified as at least three credit cards and a mortgage ñ say they are bothered, down four per cent on March.

Despite not losing any sleep over the issue, the UK does seem to be collectively chipping away at its debt mountain however, said CreditExpert.

Almost a quarter ñ 22 per cent ñ have managed to cut their overall levels of borrowing and 30 per cent said that they would continue to reduce their debt in the coming months.

A minority of 13 per cent said that they would be more likely to increase their debt burden in the second half of the year.

© Adfero Ltd

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