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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`

Council tax is `popular topic` for UK spenders

19/03/2007

Those looking to get out of debt may be interested in new findings which show that council tax is the most popular financial topic discussed between friends and family.

Research from Unbiased.co.uk found that 65 per cent talk about the levy, which could rise this year and cause a further financial strain for homeowners looking to clear debt from their records.

House prices were the next most talked-about subject, amid recent reports that some mortgage providers are to allow borrowing of up to five times a salary in order for people to get on the property ladder.

However, while consumers may discuss such issues, David Elms, chief executive of unbiased.co.uk, said that more understanding and guidance on council tax could help people to save money in the longer term.

"The onus is, more than ever, on the individual to get their financial affairs in order," he maintained. "When it comes to tax, there are a number of simple steps people can take to reduce the amount the Chancellor takes from them."

In related news, this Wednesday could see a number of new monetary schemes announced in the 2007 Budget.

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