http://www.telegraph.co.uk/money/mai.../cndebt122.xml
Britons are facing a growing threat of bankruptcy, as latest figures show the average household is almost £60,000 in debt.
Figures show the total outstanding UK consumer debt - including credit cards, loans and mortgages - has increased by 7.3 per cent to £1,444 billion over the past year, up from £1,346 billion in June 2007.
There are almost 25 million households in the UK, therefore carrying an average debt of £58,461.
http://news.bbc.co.uk/1/hi/business/7576274.stm
UK economic growth ground to a halt between April and June, according to the latest official data.
The Office for National Statistics said economic growth was unchanged in the second quarter from the first, revising an earlier estimate of 0.2% growth.
It ends a run of 63 consecutive quarters of growth in the UK and is the weakest data since 1992.
The figures are likely to raise expectations of a cut in interest rates to prevent a protracted slowdown.
The services sector, the backbone of the UK economy, grew just 0.2%, while manufacturing output fell by 0.8%. Household spending dropped by 0.1%.
http://news.bbc.co.uk/1/hi/business/7576610.stm
The Halifax has said it is to close 53 of its estate agency branches in a move that will lead to the loss of 100 jobs.
The firm said the closures followed the "significant decline" in the number of house sales over the past year.
Britons are facing a growing threat of bankruptcy, as latest figures show the average household is almost £60,000 in debt.
Figures show the total outstanding UK consumer debt - including credit cards, loans and mortgages - has increased by 7.3 per cent to £1,444 billion over the past year, up from £1,346 billion in June 2007.
There are almost 25 million households in the UK, therefore carrying an average debt of £58,461.
http://news.bbc.co.uk/1/hi/business/7576274.stm
UK economic growth ground to a halt between April and June, according to the latest official data.
The Office for National Statistics said economic growth was unchanged in the second quarter from the first, revising an earlier estimate of 0.2% growth.
It ends a run of 63 consecutive quarters of growth in the UK and is the weakest data since 1992.
The figures are likely to raise expectations of a cut in interest rates to prevent a protracted slowdown.
The services sector, the backbone of the UK economy, grew just 0.2%, while manufacturing output fell by 0.8%. Household spending dropped by 0.1%.
http://news.bbc.co.uk/1/hi/business/7576610.stm
The Halifax has said it is to close 53 of its estate agency branches in a move that will lead to the loss of 100 jobs.
The firm said the closures followed the "significant decline" in the number of house sales over the past year.
Comment