Huge global debt burden will ‘come back to haunt us’ all, warns top economist By Lucy White For The Daily Mail Published: 21:51 BST, 13 May 2020 | Updated: 21:51 BST, 13 May 2020 The trillions of pounds of extra debt which is being taken on by governments around the world will ‘come back to … Read more
ALEX BRUMMER: Debt-aholics like Liberty Global need to be weaned off a system destabilising the global economy By Alex Brummer for the Daily Mail Published: 22:15 BST, 11 May 2020 | Updated: 08:35 BST, 12 May 2020 John Malone’s Liberty Global is nothing if not brave. Unveiling a £31 billion merger between Virgin Media and … Read more
ALEX BRUMMER: As debt bubble fears mount the sooner the UK gets back to work the better By Alex Brummer for the Daily Mail Published: 22:53 BST, 5 May 2020 | Updated: 23:39 BST, 5 May 2020 When Jeremy Corbyn and the Labour Party were proposing to go on a government spending spree ahead of … Read more
JCrew files for bankruptcy after collapsing under £1.3bn debt mountain By Daily Mail City & Finance Reporter Published: 22:09 BST, 4 May 2020 | Updated: 22:09 BST, 4 May 2020 JCrew has filed for bankruptcy after collapsing under a £1.3 billion debt mountain. The US fashion brand’s lenders will inject £322m of cash and take … Read more
Millions of Britons are either dipping into their savings or getting into debt as their incomes are being dented by the coronavirus pandemic, a new survey has showed. Nearly a third of people in the UK have had to dip into their savings while a fifth have taken on debt, with the younger generations the … Read more
Plastic purge: Britain’s personal debt pile SHRANK in March as people shun credit cards amid coronavirus crisis Bank of England found households paid back £3.8bn more than they borrowed Of that, £2.4bn came from credit cards and the rest from other loans The bank said a collapse in new lending was the big reason, as … Read more
Graduates are now leaving university with debts so high they are unlikely to ever pay them off — perhaps even if they go straight into a job paying £48,000. The cost of getting a degree now lumbers students with a colossal average debt of £50,000, and high interest rates mean most won’t pay it back … Read more
Britain’s leading economic think-tank sounds alarm on household debt, warning many will be unable to pay it off By Daily Mail City & Finance Reporter Published: 21:55 BST, 24 April 2020 | Updated: 21:55 BST, 24 April 2020 Britain’s leading economic think-tank has sounded the alarm on household debt, warning many will be unable to … Read more
‘Britons born before 1999 could get debt relief’. Next to a picture on social media app Snapchat of Ryan Reynolds teasing news about upcoming superhero film Deadpool 3, is this ‘sponsored’ post with its own teaser: that you can write off your debts. All you need to do is take a free 60 second quiz, … Read more
A mother of three whose family wiped out debts of nearly $50,000 (£40,000) in four years by following ‘zero waste’ principles has revealed how their self-sufficient lifestyle means they are taking the Covid-19 lockdown in their stride. Facing a mammoth debt of $68,000 back in 2016, Amber Allen, 31, a full time YouTuber, from Ontario, … Read more