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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`

Dismay at chancellor`s lack of help for debtors

10/10/2007

A major high street building society has expressed its dismay that the chancellor`s pre-Budget report did not offer any help for those in need of debt advice.

As part of a wide-ranging report by chancellor of the exchequer Alistair Darling, a raft of new incentives were announced - including a doubling of the threshold for inheritance tax and closing taxation loopholes.

However, Nationwide has slammed Mr Darling for not announcing anything to help with the rising total of personal debts in the UK, with many people now seeking debt advice.

Nationwide did, however, cautiously welcome the chancellor`s plans to increase the limits on individual savings accounts (Isas).

Graham Beale, Nationwide chief executive, said: "While Nationwide welcomes the increase to Isa limits announced in the 2007 Budget, we are disappointed that the chancellor did not go further in his pre-Budget report to encourage and promote savings through Isas."

According to Credit Action, the average household debt in the UK, including mortgages, is £56,309.

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