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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`

Budget `should urge people to plan finances`

14/03/2008

Consumers should look at the changes proposed in the Budget and plan their finances accordingly, an industry expert has suggested.

Earlier this week, chancellor of the exchequer Alistair Darling announced his first Budget, which included increases in tax on alcohol, as well as a "showroom tax" on the highest emitting cars and some help for first-time buyers.

As a result, Alliance & Leicester has suggested people should plan their finances for the year ahead, taking into account any possible affects of the budget and secure debt advice where needed.

Alliance & Leicester`s Steve Jennings said: "Following the Budget re-assess your plan to ensure you have a clear picture of where you stand financially and know what additional expenditure to expect over the coming year so that you can continue heading in the right direction."

Mr Jennings added that people should check the Budget carefully to see if they are entitled to any tax breaks or extra incentives.

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