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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`

Fuel tax to rise by almost 2p a litre

24/03/2009

Fuel tax is set to rise once again by almost 2p a litre, bringing the level of tax paid by motorists to 71p in every pound spent on fuel, according to Petrolprices.com.

The rise - which will come into effect on April 1st - follows an increase of 2p a litre on fuel duty in December, to help offset the 2.5% reduction in VAT.

During Prime Minister`s Questions in July 2008, Gordon Brown had promised not to raise fuel duty for a year.

A spokesperson for Debt Advisers Direct said: "Last year`s freeze on fuel duty came at a time when many people needed it, with increasing numbers being pushed towards debt due to high costs of living.

"Although petrol prices have significantly reduced since then, many people who are still in a difficult financial position may suffer as prices start to rise."

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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