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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`

National debt `worst since Second World War`

27/07/2009

Official figures have shown that Britain`s borrowing increased to a record £13.3bn in June, meaning the nation`s total debt now stands at £799bn, The Independent reports.

This total debt now amounts to 56.6% of Gross Domestic Product (GDP - a measure of economic health) - a level not seen since Britain was repaying the debt accrued from funding the Second World War.

The Chancellor, Alistair Darling, predicted that net borrowing would reach £175bn this year.

A UK economist at Capital Economics, Vicki Redwood, said: "So far it is on track but we still think that the [amount of debt] is more likely to reach £200bn by the end of the year. The economic implications of this are pretty huge."

A spokesperson for Debt Advisers Direct commented: "With the national debt still rising, the Government is virtually certain to spend less and tax more in future - which will have an adverse effect on many households` finances.

"Anyone worried about their finances should contact a professional 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