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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`

70% of companies `plan to freeze or cut pay`

28/04/2009

The latest British Chambers of Commerce (BCC) monthly business survey has suggested that 70% of companies are planning to freeze or cut staff wages this year.

In a survey of 400 companies across the UK, the BCC also said that half are considering making some staff redundant in the next six months.

The survey gives an insight into the way UK companies are coping with more difficult business conditions in the recession.

A spokesperson for Debt Advisers Direct commented: "The survey gives a clear warning to workers that conditions could get worse yet - and for that reason it`s more important than ever that people ensure their finances are in good condition.

"In particular, that means getting on top of any debts as soon as possible, since debt can be a big burden if money becomes tight."

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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