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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`

Higher electricity prices will pay for carbon capture

19/06/2009

Four new `carbon capture and storage` trials will lead to an increase in electricity bills, The Telegraph reports.

Although it is too early to estimate how much the project will cost in total, Energy Secretary Ed Miliband commented that the Government hopes it could create 60,000 jobs and boost the economy by £4bn.

He also mentioned that the new carbon capture and storage trials would eventually add 2% to bills through a levy on electricity suppliers.

A spokesperson for Debt Advisers Direct said: "Many people have found it hard to keep up with rising energy prices over the past year, and a further increase could add to the difficulty of paying the bills.

"This could place a real strain on people`s finances - especially people who are already struggling with debt repayments and other financial commitments."

Given that the technology involved in transporting and burying carbon has yet to prove its worth, the Government is also creating a `contingency plan` for reducing the emissions from coal-powered plants.

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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