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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`

Pre-Budget Report `fails to ease debt fears`

10/12/2009

Worries about Britain`s debt were not laid to rest by Alistair Darling`s Pre-Budget Report (PBR) yesterday, it seems.

Not surprisingly, the papers are full of stories about the PBR - and about the Chancellor`s plans to tackle the country`s debt problem.

Apparently, analysts `were concerned about the scant detail on how he will cut Britain`s bulging budget deficit`, thisismoney.com states.

As the Telegraph reports, Treasury figures show that `the accumulated stock of outstanding Government debt will go on rising for at least six years`, and that `in 2014/15, the national debt will be £1,473 billion. That is 77.7 per cent of gross domestic product`.

And forbes.com reports that Moody`s and Standard & Poor`s (rating agencies) told Reuters that `The outlook for Britain`s sovereign debt has not been materially changed by the limited fiscal tightening in finance minister Alistair Darling`s pre-budget report on Wednesday`.

Basically, it seems that many experts feel the PBR didn`t contain enough detail about how exactly the Government plans to cut Britain`s debt.

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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