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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

British Gas to cut gas prices by 10%

22/01/2009

Energy provider British Gas has announced it will cut its standard tariff gas prices by 10%, with effect from 19th February.

In early January, Scottish Power announced that it would be relaunching one of its fixed-price gas products with a 10% price reduction.

However, the BBC notes that observers have said that even if other energy companies make similar price cuts, it would be “too little and too late” to make a significant difference to winter fuel bills.

A spokesperson for Debt Advisers Direct commented: “Although this price cut does not compensate for the large price increases last year, it will still be welcomed by billpayers who are struggling to make payments.

“Anyone who finds themselves unable to make their bill payments at any point should speak to an expert debt adviser as soon as possible.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according