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....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 03:16:50 PM
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.... For a company whose stock market value has collapsed to £225m, there is no easy escape. A thumping rights issue, or even a debt-for-equity swap, looks inevitable. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 07:29:37 PM
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Latest Finance News related to Debt

The fallout from Trump closing down his advisory panels is just beginning | Nils Pratley image
.... For a company whose stock market value has collapsed to £225m, there is no easy escape. A thumping rights issue, or even a debt-for-equity swap, looks inevitable. ...
UK car buyers turn to secondhand vehicles image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:16:50 PM
....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ...
Student finances: How to manage money at university  image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 08:47:00 AM
....Tuition fees now cost a whopping £27,000 for a typical three-year course, although students in Wales and Scotland get more support. Residential fees, materials and living expenses on top mean that self-funding students in England are likely to graduate with average debts of £50,800, according to the Institute for Fiscal Studies. ...
Department for Education pulls all Learndirect contracts and funding image
Source : Guardian [Read Article] Tuesday 15th of August 2017 07:03:32 PM
.... An FT/FE Week investigation this week found that in the four years since it was sold off, it parent company spent 84% of its income, most of which came from the taxpayer, on payments to managers and financiers. Joe Dromey, a senior research fellow at the IPPR, said it was “truly shocking” that Learndirect’s owners, which ultimately include Lloyds Bank, appear to have “raked in vast amounts of public money, extracted tens of millions of pounds from Learndirect, loaded the company with debt, overseen a catastrophic decline in standards, and tried to stop the truth coming out”. ...
IMF warns China over 'dangerous' growth in debt image
Source : Guardian [Read Article] Tuesday 15th of August 2017 06:37:23 PM
....China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil. The IMF used its annual health check on the world’s second biggest economy to stress that faster expansion in 2017 was coming at the cost of a jump in private sector debt and an increasing use of complex financial instruments. ...
EasyJet and Ryanair should be wary of launching Air Berlin bid | Nils Pratley image
....Yet Ryanair has certainly got the right idea in demanding that state-aid rules are followed. The Irish carrier smells “an obvious conspiracy” to deliver Air Berlin on a debt-free basis to national flag-carrier Lufthansa. ...
Rail users face steepest fare rise in five years as inflation hits 3.6% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:02 AM
.... That has led to a rising cost of living, heaping pressure on households. Consumers are using credit cards to fund spending and the Bank of England has expressed alarm about the increase in personal debt. ...
ENERGY customer delivered into safe hands after dire billing muddle  image
Source : Daily Express [Read Article] Monday 14th of August 2017 02:39:00 PM
....Shortly after that she cancelled her payments, unaware that power companies now must return surpluses, known as ‘credit refunds’. We knew too there was a lot more help out there designed for consumers such as Dorothy not up to all the demands of modern systems and that she needed to be linked up with it, instead of going round in circles with customer services, something that could lead to a debt collection notice. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
....For a start, the world has never really recovered from the last crisis. Growth rates have been weak and have only been possible because years of low interest rates and quantitative easing have encouraged consumers and businesses to rack up large amounts of debt. ...
New pension research: Is this really a golden era for retirement? image
Source : Daily Express [Read Article] Sunday 13th of August 2017 10:29:00 AM
....” . Crucially, the ONS figures do not include housing costs, which have risen sharply, leaving those still renting or paying off a mortgage in retirement notably worse off than homeowners who have cleared their debt. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
.... The numbers of democracies grew. True, both Latin America and Asia had suffered crises, courtesy of too much debt incurred by over-enthusiastic financial liberalisation, but in broad terms they accepted the case for democracy. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
....5% increase in spending. Conversely, falling house prices would have a negative impact on spending patterns, particularly given households’ high level of debt. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
.... However, official figures on Thursday showed the trade deficit widened as a fillip to UK trade again failed to materialise. Morgan Stanley also pointed to Britain’s debt levels holding back growth, and investment evaporating after Brexit. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
.... And it has helped fuel populist movements on both left and right. Despite some of the EU safeguards, hyper-globalisation has encouraged an explosion in debt, a continued fixation with short-term profit, and a failure to invest in long-term productive manufacturing – all largely to the benefit of the top 1%, today’s greedy and gross super-elite. ...
For the first time ever I am defending banks. Here’s why | John Harris image
.... Some relate to the disastrous possibilities of a cliff-edge Brexit, glimpsed this week in the letter written to the House of Commons Treasury select committee by the deputy governor of the Bank of England in charge of the Prudential Regulation Authority, which essentially exists to prevent financial crises. He warned of threats to both the financial sector and the UK economy as a whole, as well as holding out a particularly chilling prospect: that just as personal debt reaches a critical point and warnings of financial fragility are once again heard, British regulators might be prevented from doing their usual work by the new responsibility of regulating the British operations of European companies hitherto overseen by other EU governments. ...
Lego replaces British chief after just eight months at helm image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:51:57 PM
....Between 1932 and 1998, Lego never posted a loss. But by 2003 it was in trouble, with sales down 30% year on year and $800m (then £480m) of debt. ...
Breakthrough in leasehold scandal, plus cash grabs by Student Loans Company image
....Medieval homes for sale. Complaints continue to grow about the Student Loans Company from those who have paid off their debt. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... Consumers, seeing the pound depreciate, front-loaded their spending in the second half of last year, because they understood that import prices would rise. Having incurred additional debt, they are in no position to continue spending at that earlier pace. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....Now, so much of the neoliberal dream is more readily recognised as a hucksters’ mess of pottage and one of its casualties is the once great law shop Slater and Gordon. After bestriding the consumer end of the common law world like an ink-squirting giant squid it is now in the hands of hedge funds, led by Anchorage Capital, whose business model is to make money from distressed, debt-laden, enterprises. ...
North Korea’s warmongering with Donald Trump hits global stock market raising pension fear image
....Kathleen Brooks, research director at City Index Direct, said: "Whether or not this event causes a prolonged downturn in risky assets will depend on the next steps in this crisis. "If the rhetoric from both sides continues to ramp up then we would expect the following to asset prices to struggle: Global Indices, emerging market foreign currencies and peripheral sovereign debt. ...
Insurers pressed to release immediate sums to pay for funeral costs image
Source : Daily Express [Read Article] Wednesday 9th of August 2017 08:40:00 AM
....She is delighted that many insurers have signed up and is pushing for more to follow. Paul Roberts, head of protection for Old Mutual Wealth, says planning a funeral is an emotional time and insurers should help make it as smooth as possible: “We do not want to see people going into debt to pay for a funeral when life assurance could cover it. ...
Alistair Darling: 'RBS said it would run out of money in early afternoon' image
Source : Guardian [Read Article] Wednesday 9th of August 2017 07:59:03 AM
....”. He said debt levels in the UK were more manageable than a decade ago, but flagged up concerns about China. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
.... But there are many other areas where despite knowing exactly what needs to be done, we still haven’t taken action. Britain’s public finances have been the centre of political debate over the past 10 years, but where has that left us? With the national debt more than doubling since 2007 and the deficit set to be with us well into the 2020s. ...
Bank of England warns Brexit will put strain on regulatory resources image
Source : Guardian [Read Article] Tuesday 8th of August 2017 11:01:03 PM
....He also outlined the risks contained in the Bank’s half-yearly assessment of financial stability, in which it warned that business conducted in the City could fragment across other financial centres, pushing up the costs to the EU and the UK. It also warned of the risk to the UK economy from potential disruption to trade and the need for banks to be braced for higher bad debt charges if loans turned sour owing to Brexit-related economic turbulence. ...
Mortgage rates will rise – so 
are you ready 
to take a hit? image
Source : Guardian [Read Article] Tuesday 8th of August 2017 04:52:17 PM
.... I would urge anyone who finds themselves on a variable rate to speak to an independent mortgage broker to find out their options,” he says. The growing amount of debt amongst consumers is of great concern to campaigners and charities. ...
Interest rates: Winners and losers revealed following a year of record low interest rates image
....Twelve months on from its decision on August 4, 2016, rates remain at record lows with the Bank, whose Governor is Mark Carney, freezing them again last Thursday. Low interest rates helped prevent economic meltdown after the financial crisis by cutting borrowing costs, but may be doing more harm than good today, as savers struggle and cheap money encourages consumers to pile on more debt. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....Many would like to see the over-65s granted a one-time stamp duty exemption when buying their new home, allowing them to hold onto more of the money raised rather than handing it to the taxman. Older people expect to release £80,000 of equity on average when downsizing, which could either help them clear debts or top up their pension. ...
Brexit-fuelled boom gives Dublin’s Celtic Tiger a reason to roar image
Source : Guardian [Read Article] Sunday 6th of August 2017 09:42:50 AM
.... Lots of his friends started buying multiple properties. Every town in Ireland has probably 20 local people with serious levels of debt they will never get out of after buying in 2006/07 at the top of the market. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
.... Transparency has improved, too. More financial trades have to be cleared through central counterparties, which in theory means the toxic creations of yesteryear – collateralised debt obligations, and so on – could not balloon in size unnoticed. ...
Only a big-spending budget can save us from years of low interest rates image
Source : Guardian [Read Article] Saturday 5th of August 2017 04:00:16 PM
....One of the economy’s lingering tumours, one that needs the financial equivalent of radiation therapy, can be found inside the banking industry. According to a report last week, the banks continue to harbour bad debts that eat away at their health and prevent them functioning properly. ...
The president tweeted it – but is the US economy really great again? image
Source : Guardian [Read Article] Saturday 5th of August 2017 03:00:15 PM
....The budget is a mix of tax cuts for the richest and middle-income groups coupled with deep cuts in further education and welfare spending. Albert Edwards, the famously gloomy global strategist at Société Générale, is convinced that the loose monetary policies preferred by the Federal Reserve and the Bank of England, and endorsed by Trump, are encouraging a debt bubble that will burst with similar consequences to the 2008 financial crash. ...
Student loans: graduates still face cash grabs of £300 a month image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....”Amatey Doku, NUS vice president, said the SLC’s problems are caused by the government’s deeply flawed approach to education funding. “The SLC is constantly put under pressure to recover as much student debt as possible, while the government publicly claims that the massive shortfall in loan repayments is a redeeming feature of their system. ...
Student debt: What is going on with the Student Loans Company? image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....Graduates who have paid off their loans are continuing to have money taken off out of their pay packets by the Student Loans Company. So what is the SLC and what is going on with student debt?. ...
Socially responsible retailers aim to end the ‘rent-to-own’ rip-off image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
.... On top of that, the largest firms can no longer compel consumers to fork out extra for often-unwanted insurance on the items they buy. On Monday the Financial Conduct Authority announced measures to rein in mounting consumer debt, and said rent-to-own customers were a “particularly vulnerable group”. ...
SHOCK WARNING: Interest rates could soon RISE, Bank of England deputy says image
Source : Daily Express [Read Article] Friday 4th of August 2017 04:00:00 PM
. The cost of debt and borrowing is set to rise faster than markets are currently expecting, Ben Broadbent said. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....Littlewood lists other dysfunctions: “Wage stagnation, poor GDP growth, crony capitalism in the contracting-out of public services, endless gaming of the system by corporations, a general ennui about the prevailing economic system … ” Finally, he cites the event that did more than any other to discredit free-market capitalism in Britain: “the 2008 crash”, the banking crisis caused by the deregulation and hubris of the financial markets. That crisis and what followed – recession, prolonged weak growth, ballooning public and private debt, and seemingly endless austerity – has already destroyed or severely damaged the governments of Gordon Brown, David Cameron and Theresa May. ...
Student Loans Company comes under graduate fire, plus house prices stabilise image
....A six-bedroom Venetian apartment. In Corby, the debt capital of Britain, charities and council workers face the daily consequences of the rising spiral of borrowing sweeping across the UK. ...
The Bank keeps hinting at a rate rise. Markets will only listen for so long image
.... Put simply, companies have been able to borrow money because of the Federal Reserve’s post-financial crisis decision to make credit cheap and readily available through ultra-low interest rates and quantitative easing. The price of a booming stock market is that companies are loaded down with debt. ...
Bank account overdraft fees: How big charges for going over your limit could be SCRAPPED image
....The regulator also revealed a cap on pay day lending prices would remain in place until at least 2020. Citizens Advice chief executive, Gillian Guy said: “The payday loan cap has protected thousands of borrowers from dangerous amounts of debt. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....In comparison, incomes have increased by less than two per cent. Low interest rates and cheap money appear to have encouraged household debts. ...
Unsecured consumer credit tops £200bn for first time since 2008 image
Source : Guardian [Read Article] Monday 31st of July 2017 08:55:04 AM
. The financial watchdog has announced fresh measures to protect consumers from spiralling debt as official data showed that borrowing through credit cards, overdrafts and car loans has topped £200bn for the first time since the global financial crisis. ...
Greek debt crisis: ‘People can’t see any light at the end of any tunnel’ image
....With its brightly coloured furniture, open doors and do-good William James motto, the Solidarity Club is testimony to the endurance of Greeks under duress. Eight years on, the country’s debt drama, its brutal internal deflation to avert euro exit and austerity-driven downturn, have decimated districts like this. ...
Slow economic growth is not the new normal, it's the old norm | Larry Elliott image
.... The logic of this is not immediately obvious. Raising interest rates when the economy is struggling and consumer debt has been rising rapidly would risk triggering the recession the Bank is keen to avoid. ...
Lenders must stop stoking demand for loans: or there’ll be another firestorm image
.... The Bank is prepared to act within the next two months if it thinks there has been insufficient action on the part of lenders to prevent the damaging popping of a credit bubble. Only once has the household debt to income ratio been as elevated as it is now, and that was 10 years ago, when the economy was on the cusp of its deepest recession since the second world war. ...
Student Loans Company criticised over 'penalty interest' on funds image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:40:24 AM
. The Student Loans Company has been criticised for adding more than £8m to student debt through “penalty interest” on tens of thousands of loans in the last financial year. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....The data prompted one leading broker to declare that the traditional 25-year mortgage is “a thing of the past”, particularly when it comes to first-time buyers. But what are the pros and cons of opting to “go long”? Is it wise to saddle yourself with a major debt that you might still be paying off long after you have started collecting your pension?. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....When Gary Ashworth moved to Botswana in 2013 to try to start a design business, he immediately told the Student Loans Company that he would be out of the UK. Despite updating the company with his earnings, as requested, last year he discovered that £930 was being demanded by a firm of debt collectors. ...
Santander cuts back lending amid Bank of England concern over personal debt image
. Santander has reduced its mortgage lending and its loans for car purchase amid Bank of England warnings about reckless lending and a “spiral of complacency” over mounting consumer debt. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
....7p by lunchtime – below the 233p level at which Staley bought shares in November 2015 before taking the helm. The bank has a large credit card business, Barclaycard, part of the consumer credit market that is being scrutinised by the Bank of England, which this week warned of a “spiral of complacency” about mounting consumer debt. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
....The sordidness of all of this will be sugarcoated with the hoary claim that lower tax rates will spur growth. There is simply no theoretical or empirical basis for this, especially in countries like the US, where most investment (at the margin) is financed by debt and interest is tax deductible. ...
Britons sit on ‘ticking time bomb’ as interest rates HIKE risks financial security image
. With consumer debt at record highs households will pay billions in extra interest when the Bank of England hikes rates, experts warn. ...
Greece's €3bn bond sale doesn't mean its debt crisis is at an end | Nils Pratley image
.... The next bailout followed after a referendum on the terms of austerity. Is this time different? Has the end of the Greek debt crisis finally arrived? The omens are better in the sense that the economy is finally growing and the International Monetary Fund is lobbying for meaningful debt relief. ...
'You feel ripped off': homeowners' frustration over ground rent trap image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:04:57 PM
....“It’s so frustrating because all the cash is tied up in that house and there’s no way I can get to it. Instead I’ve had to rack up a load of personal loan debt to fund the next house. ...
Quarter of personal loan applicants 'seeking half their annual salary' image
. Households in the UK are increasingly relying on borrowed money with one in four people seeking a loan applying for at least half of their annual income, according to new figures that will add to worries about Britain’s mounting personal debt burden. ...
Debt-ridden families a ticking time bomb for EVERYONE in Britain, Bank of England warns image
. Households owing high amounts of credit card and loan debt are a risk to themselves and also the banks that have lent to them, according to the institution's financial stability chief . ...
Bank of England warns of complacency over big rise in personal debt image
Source : Guardian [Read Article] Monday 24th of July 2017 05:40:59 PM
. The Bank of England has told banks, credit card companies and car loan providers that they risk fresh action against reckless lending as it warned of a looming “spiral of complacency” about mounting consumer debt. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
....Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. Some homeowners could use equity release to pay off debts. ...
Greece plans return to bond market as Athens sees end in sight to austerity image
....Greek ministers will provide more details on Monday afternoon about how much it hopes to borrow, and on what terms. If the issue is successful, it could help Greece, which is still coping with a debt to GDP ratio of 180%, to exit its long cycle of austerity and rescue packages. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
Brexit economy: sterling fall hits public finances and fails to boost trade image
....But surveys of business all showed slower growth, the trade deficit was bigger, earnings were weak and house price growth moderated. The public finances were £2bn deeper in the red in June than in the same month of 2016 – with half the rise due to the higher debt interest on government borrowing caused by higher inflation. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
. As the younger generation struggles with student debt, stagnant wages and high property prices, many parents and grandparents now hand over larger sums while still alive, either as gifts or loans. ...
Race for political centre is futile, Labor needs to be more progressive | Greg Jericho image
....In effect, the debate on the economy was situated within the middle of the conservative force’s liking – where removing industrial relations protections was fine because we needed to pursue growth; where cutting high income taxes and cutting government services and spending was fine because we needed growth. We bought the argument that a budget surplus and low government debt fuelled economic growth. ...
Full speed ahead for train builders as minister pulls plug on electrification image
.... “Pauses” to work became tacit admissions of vast budget holes, whose full extent is yet to become clear as projects are pushed into future, notional plans. Emergency funds have been needed after the reclassification of Network Rail meant its easy borrowing, £41bn of debt which had long disguised real costs, was ended. ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
....The £140m Rushden Lakes scheme, set in a 200-acre reserve in Northamptonshire that keen twitchers will know is a designated Ramsar site, is the biggest of its kind to open this year and offers a rare bright spot amid the gloom in retail sectors as experts warn shopkeepers are experiencing their worst trading conditions in five years. “Household debt is very much on the rise, as any positive performance in the retail sector over the last 12 months has nearly entirely been funded by credit,” said James Knightley, ING chief international economist who is a member of the KPMG/Ipsos retail thinktank. ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
....For more than 18 months, Richards, her parents and even her MP have been trying to get the SLC to confirm that her loan is not growing at the higher rate, but to no avail. “Despite countless letters and phone calls I have never received confirmation that the interest rate has been removed and that the additional debt accrued has been removed from my total debt,” Richards says. ...
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond image
Source : Guardian [Read Article] Friday 21st of July 2017 11:29:19 AM
....9bn – almost 50% higher than the same month last year. The sharp rise followed a spike in the cost of financing the UK’s debt, a drop in corporation tax receipts and a larger than forecast contribution to the EU in June. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
.... Paul and Nikki Turner, from Cambridge, were ignored for years when they tried to report what was going on after their publishing company, Zenith, was run into the ground in the scam. “They defrauded us, denied for 10 years that the fraud had happened, ignored the debt from the fraud and tried to evict us 22 times in order to cover up the fraud,” Nikki Turner has said. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
....In the early years of the Blair government, PFI was condemned by a Treasury select committee as a way to mask state borrowing. As time went on, the opacity thickened: repayments from the council to the developer weren’t itemised, so it was impossible to tell whether they were servicing the debt or the maintenance contract. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
....It was revealed last week that the scheme – which has been promoted by Anderson Group and which experts say raises questions over triggering a possible criminal investigation – was found to be simultaneously winding up almost 2,000 tiny companies that formed part of the tax avoidance arrangements. The moves are said to make it extremely difficult to pursue the defunct firms for any potential VAT or national insurance debt – particularly as each mini-company appears to only have a Philippines-based director and barely any retained assets. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
.... Details of the website’s efforts to correct past mistakes come just weeks after the business’s co-founder and chief executive, Rhydian Lewis, was awarded an OBE in the Queen’s birthday honours list. The company admitted that it had made £36m of loans to a company called Vehicle Trading Group Limited (VTG), a motor finance holding company that then fell into administration because it had taken on too much debt. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
....He also called on the government to reconsider the £21,000 income threshold at which graduates become liable to start paying back their loan, suggesting a higher level would enable them to keep more money early in their careers. Bradshaw’s comments, made in a blog this week, come at a time of increasing concern and scrutiny of rising tuition fees and the growing debt burden facing students. ...

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