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Lib Dems warn of increasing debt due to rising unemployment

The Liberal Democrat Party has warned that rising unemployment could result in more debt, arrears and repossessions.

Recently published government figures show unemployment has reached a seven year high.

Liberal Democrat shadow chancellor Vince Cable says: “These figures are seriously worrying and represent a trend of rising unemployment stretching back almost two years.

“It means that growing numbers of families will be unable to sustain their debt obligations and will drift into arrears, personal bankruptcies and home repossessions.

“The situation is not as bad as in the latter years of the Conservative government, but we could be heading in that direction unless the trend is reversed.

“Since the government came into office, there has been a tripling of 16 and 17-year-olds who are not in work or full-time education.

“The positive story about unemployment, which this government successfully developed, is now seriously unravelling.”


MT moves to gain a commercial edge

Commercial Mortgage Solutions has joined the Mortgage Times Group’s panel of commercial lenders, as the specialist market enjoys continued growth. The commercial mortgage market is experiencing a sustained period of growth, particularly through intermediary channels, and the Mortgage Times Group is keen to establish itself in a sector where it has seen applications soar over […]

Debt resolution firms form industry body

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Exclusive plans to be big hit at London Expo

Exclusive Connections will be packing a punch at this week’s Mortgage Business Expo at Earls Court with the help of a boxing machine on its stand. The firm will be exhibiting with the help of a boxing machine to parallel the theme of its recent press and website advertising which has been represented by a […]

Easier2move offers instant payment facility for referrers

Easier2move is launching a new payment facility that will allow payment on the day of completion for referrers. Referrers can chose to be paid via BACS or by cheque. The payment system is available on all remortgage and sale and purchase work.Karen Babington, sales and marketing director of easier2move, says: “We are continually asking our […]


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