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Borrowing & debt

July 2024

  • Shoppers with umbrellas walking along a street lined with stores

    Observer business agenda
    Bank of England set to rain on hopes of interest rate cut after economic bounce

    This week’s Bank meeting is unlikely to bring borrowers any joy amid a strong recovery from 2023’s mild recession

June 2024

  • women graduates in purple-edged graduation capes and mortar board hats

    Council tax: final-year students warned they could get surprise bills

    Students are exempt during their course but as soon as they finish their final year they are liable to pay

May 2024

  • Red and blue cars parked in a row

    ‘Fleecing the man off the street’: Car dealers investigated over high interest rates

  • A man in checked shirt looking at plans on a table next to a laptop computer and hard hat. He is in a modern-looking white room with large windows and glass door opening on to a garden

    Nationwide doubles maximum personal loan to £50k amid rising building costs

  • Silhouette of person pushing another person in a wheelchair against a blue sky with clouds

    Carer's allowance crisis
    MPs call for issues leaving carers with huge debts to be fixed ‘without delay’

  • image of money ring marble background

    Speak now: the truth about weddings
    ‘I wanted to look and feel expensive’: four couples on why they took on wedding debt

April 2024

  • Nationwide building society on a high street with pedestrians walking past

    Nationwide stops lending on some flood-risk properties

  • A man looks at his iPhone which displays the Barclaycard logo

    Barclaycard change could mean much higher interest for some customers

  • Andy Beckett

    The cost of living crisis has made the UK a poorer, more anxious nation – and worse is yet to come

    Andy Beckett
  • Posed picture, dramatically lit, of a man in a dark suit knocking on a door

    Unregulated ‘identity tracers’ harass people for debts they do not owe

  • Alarm at growing number of working people in UK ‘struggling to make ends meet’

  • Paying bills a struggle for 7.4 million UK consumers, regulator finds

  • Fears of spiralling debt as ‘buy now pay later’ credit quadruples in UK

  • Number of households seeking help over energy debt legal action doubles

March 2024

  • A woman on a laptop holding a credit card

    ‘I owe £25,000 on three credit cards’: the Britons drowning in debt

    With record numbers in financial difficulty, we hear from people who explain how they’ve landed in the red
  • a debt collection letter next to a pair of glasses and a calculator

    UK watchdogs say they will take action against ‘threatening’ debt collectors

    Joint letter from regulators targets finance and utility sectors for volume and tone of correspondence to vulnerable customers
    • Record 6.7m people in Britain are in financial difficulty, warns debt charity

    • Car finance mis-selling is not the next PPI scandal, says UK watchdog

    • Hidden gems from the world of research
      Consumer debt in the UK is down 10%. The bad news? Utility bill arrears are up

      Torsten Bell

February 2024

  • Mansfield advice hub

    Councils in crisis
    When a Citizens Advice has to close despite demand being ‘off the scale’

    In Mansfield, the council could not afford the funding needed by a service that is vital to one of the UK’s most deprived areas
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