Drivers To Miss Oil Price Fall

Drivers To Miss Oil Price Fall

Oil prices have fallen to around $8 a barrel which should mean people would pay 4p a litre less at the pump however some analysts fear motorist will not feel the benefit.

The drop in oil prices was due to the International Energy Agency releasing 60 million reserve oil barrels.

Head of public affairs at the AA Peter Watters said “In March this year, the average UK price of petrol levelled off at 133.5p a litre when oil hit a plateau of $115.”

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Friday, June 24,2011
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Firefighters Tackle Pension Changes

Firefighters Tackle Pension Changes

The Fire Birgade Union (FBU) has claimed that a quarter of it’s members may leave their pension scheme if they are forced to make higher contributions.

A survey of 8,000 of it’s members found that 27% are considering leaving if pension contribution rose to 14% from 11%.

“A sharp hike in already high contributions and the other changes could be the tipping point which will see an exodus from the main pension scheme,” said the FBU’s general secretary Matt Wrack.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Friday, June 24,2011
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Standard Variable Mortgage Warning

Standard Variable Mortgage Warning

Consumers are being warned about being pushed into financial difficulty by banks and building societies offering standard variable rate mortgages.

Consumer group Which has accused bank and building societies of putting the squeeze on families because interest rates could go up.

Peter Vicary Smith, Which? CEO said, “Millions of people are on variable rate mortgage deals and for many a rate hike could mean they’re facing real financial difficulties.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Thursday, June 23,2011
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Single Mothers Hit Worst By Cuts

Single Mothers Hit Worst By Cuts

According to the campaign group Fawcett Society, single mothers will be worse affected the benefit cuts and tax rises.

The group estimate that single mothers face losing 8.5% income by 2015 once all benefit cuts and changes take effect.

Fawcett’s acting chief executive Anna Bird said: “Single women, on average, are set to lose a greater proportion of their income than other households, such as single men or couple households.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Thursday, June 23,2011
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UK Deficit Hits Record Amount

UK Deficit Hits Record Amount

The UK deficit is has risen to 27.4bn to date despite Government borrowing falling in May to 17.4bn excluding the bank bailouts.

Public borrowing is currently 1.5bn higher than it was the same time last year and experts believe that the one-off tax on bonuses helped flatter the figures in 2010.

Januarys V.A.T increase meant that May’s tax reciept grew to 8.2pc compared to the previous year which more than offset a 2.3pc increase in public spending.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Wednesday, June 22,2011
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Property Sales Remain Low

Property Sales Remain Low

According to new data from HM Revenue and Customs, property sales remained low in May and were lower than figures from a year ago.

The new data shows that 68,000 homes were sold in May which was down 2,000 from April. The new figures come as mortgage lending rose 12% which is believed to be due to remortgaging.

Henry Pryor said “Much of the wider economy relies on a healthy housing market with money spent in the High Street on home improvements as people buy and sell,”

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Tuesday, June 21,2011
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Public Sector Borrowing Falls In May

Public Sector Borrowing Falls In May

A new report by the Office of National Statistics has found that Government borrowing fell in May compared to April however borrowing in April was much higher than expected.

Government borrowing fell to 17.4bn for the month excluding bank bailouts and other interventions.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Tuesday, June 21,2011
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State Pension Age To Rise

State Pension Age To Rise

Government plans to raise the state pension age for women will continue despite many critics saying that 330,000 women will be working up to 2 years longer.

The plans include raising the state pension age for women from 60 to 65 by 2018 as part of an overall plan to raise the state pension age to 66 for both men and women by 2020.

Work and Pensions Secretary Ian Duncan Smith said he was, “willing to work to get this transition right” because of concerns that it could leave some women worse off.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Tuesday, June 21,2011
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UK Mortgage Lending Increases

UK Mortgage Lending Increases

Mortage lending in May increased 12% compared to April and 1% higher than that of a year ago, however expects are warning that they don’t expect any upturn soon.

Mortgage lenders are expecting the mortgage market to “remain flat” in coming months according to the Council of Mortgage Lenders.

“Distorting effects from Easter and bank holidays cloud the current picture, but the likelihood seems to be for essentially flat levels of lending over the next couple of months” said CML director general Michael Coogan.

 

Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;

Benefits Advice

General Debt Advice

Individual Voluntary Agreement (IVA)

Protected Trust Deed

Refinance

Bankruptcy

Monday, June 20,2011
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Debt Support Trust – Update

Statistics Update

Recently we surveyed visiters to our website about their experience with debt. These new statistics, some of which has been released by the Daily Record, will be updated on our blog shortly. We would like to thank everyone who took part in our survey.

Direct.gov Update

We can now be found on direct.gov under the “organisation offering free help and advice” section.

Social Media Update

You can keep up to date with our new statistics and any changes on our;

Facebook Page

Youtube Channel

Twitter Page

Monday, June 20,2011
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