Debt misery for 630,000 families trapped in negative equity homes


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Debt misery for 630,000 families trapped in negative equity homes 630,000 families have mortgages that are larger than value of their homesReport warns that more people may fall into negative equityCouncil of Mortgage Lenders estimates the number is actually closer to 800,000 people By Becky Barrow PUBLISHED: 01:39 GMT, 26 March 2013 | UPDATED: 02:24 GMT, 26 March 2013 Around 630,000 families in Britain are in negative equity, which means their mortgage is larger than the current value of their home, an official report revealed yesterday.

Benefit cheat mother, 23, is now 64 a week better off after DWP rules she is entitled to MORE than the amount she was stealing


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Benefit cheat mother, 23, is now 64 a week better off after DWP rules she is entitled to MORE than the amount she was stealing Claimed 64 a week illegally but is told she can now receive 130Worked for a clothes shop and NHS trust while claiming income supportHer lawyer described mitigation as 'most ridiculous' he had ever broughtOrdered to do 80 hours community service and pay 100 court costs , Macclesfield Magistrates' Court heard she would not have qualified for any payouts. Gibbons' lawyer Mr Julian Farley said: 'This case is extraordinary and perhaps an indictment of the benefits system. 'If you work out what the overpayment was on the income support over 11 months, it's about 66 per week of overpayment

Personal loans drop to lowest level in 14 YEARS as cautious households clear debts


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Brits have paid off half their personal loans since the financial crisis, with debts at their lowest since 1999 ” class=”blkBorder” /> Counting the pennies: Cautious consumers chose to pay off more than they borrowed in 2012 Cautious households are making considerable headway clearing their debts, with the amount owed on personal loans dropping to its lowest level in 14 years, according to a report.

Future generations of pensioners will get state pension but no extra benefits, Iain Duncan Smith warns


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Future generations of pensioners should get state pension but no extra benefits, Iain Duncan Smith warnsWork and Pensions Secretary insists handouts like winter fuel allowance and TV licence are safe for current pensionersBut 'next generation' will be encouraged to save to remove 'any extra dependence on the state'Coalition plans single-tier pension of around 155-a-weekLinking state pension age to life expectancy 'will mean working until 70' By Matt Chorley, Mailonline Political Editor PUBLISHED: 09:11 GMT, 8 January 2013 | UPDATED: 10:32 GMT, 8 January 2013 Work and Pensions Secretary Iain Duncan Smith, pictured arriving at Number 10 yesterday, said coalition reforms mean future generations would only need the state pension The next generation of pensioners should not need to receive extra benefits like free TV licences and help with heating bills, Iain Duncan Smith suggested today.

Minister Norman Lamb pleads with Treasury to "get on with" elderly care reform amid calls to cut fuel bill help for 80% of pensioners


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Minister pleads with Treasury to 'get on with' elderly care reform amid calls to cut fuel bill help for 80% of pensioners Care minister Norman Lamb tells MailOnline the issue of how to fund care for ageing population must be removed from the 'long grass Think tank report by ex-minister Paul Burstow calls for 10million pensioners to lose winter fuel allowance to pay for cap on care bills But campaigners say it would penalise those who saved for their old age there were 2.06million people claiming Pension Credit.

Labour hits supporters with credit card charge of 18.9% – two-and-a-half times that of market"s most competitive option


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Labour hits supporters with credit card charge of 18.9% – two-and-a-half times that of market's most competitive option | UPDATED: 02:04 GMT, 30 December 2012 Costly: Labour supporters will be paying through the nose in interest charges on their party's credit cards All three major political parties are profiting from credit cards that charge their supporters exorbitant rates of interest. Both Labour and the Lib Dems offer a card charging interest at nearly 38 times the Bank of England’s 0.5 per cent base rate – and more than two-and-a-half times that of the market’s most competitive card. The card, provided by the Co-operative Bank, charges a standard APR of 18.9 per cent – although richer supporters can have a premium card with a fixed rate of 11.9 per cent for five years.

Conman Christopher Hoare who racked up 2,400 hotel bill by pretending to be top rugby player foiled after staff realise he is overweight


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Conman who racked up 2,400 hotel bill pretending to be a top rugby player was caught when staff realised he was 'too fat' Christopher Hoare, 30, said he was playing for London WaspsStaff became suspicious because he 'lacked the physique' of sportsman Serial fraudster was on the run from police at the time | UPDATED: 16:36 GMT, 26 December 2012 A conman who racked up a 2,400 bill at a luxury hotel by posing as a professional rugby player was caught out because staff thought he was too fat to be a top sportsman, a court heard. Christopher Hoare, 30, registered at top Kent hotel Eastwell Manor under a fake name in October

Christmas shopping: High Street pins hopes on biggest festive bonanza since credit crunch as shoppers spend 2BILLION over the weekend


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High Street pins hopes on biggest Christmas bonanza since credit crunch as shoppers spend 2BILLION over the weekend Almost a quarter of a million head to Bluewater in KentExtra trading weekend coming up has raised hopes of record sales Retailers offer discounts of up to 50% nine days before ChristmasSavvy shoppers ditching brand loyalty in hunt for bargainsSupermarket price hikes mean an expensive Christmas dinnerNearly 12.75m British men still haven't started their present buyingFirst time December has four retail weekends before Christmas since 2007London's West End saw 200m spent during bumper weekend | UPDATED: 18:09 GMT, 17 December 2012 Christmas shoppers spent up to 2billion on Saturday and Sunday in a crucial two days for present buying – with the upcoming extra December trading weekend promising record sales. London's Oxford Street was jam-packed with people while almost a quarter of a million headed to Bluewater in Kent and the Bullring Centre in Birmingham had a million visitors in a week

Britain"s triple AAA credit rating comes under threat as Standard & Poor"s puts UK on "negative watch"

Britain’s coveted triple AAA credit rating comes under threat as ratings agency puts country on 'negative watch'Standard & Poor’s said there was a one in three chance it could lower Britain’s rating within the next two yearsIt said it expected government debt as a percentage of gross domestic product to continue to rise in 2015 before declining againA downgrade by one of the big three credit ratings agencies would drive up the UK's borrowing costs | UPDATED: 09:42 GMT, 14 December 2012 Worrying: Britain's gold-plated triple AAA status came under pressure today after an influential credit ratings agency put it on negative watch. It could prove embarrassing for Chancellor George Osborne Britain’s gold-plated triple AAA status came under pressure today after an influential credit ratings agency put it on negative watch.

Britains coveted triple AAA credit rating comes under threat as ratings agency puts country on "negative watch"


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Britain’s coveted triple AAA credit rating comes under threat as ratings agency puts country on 'negative watch'Standard & Poor’s said there was a one in three chance it could lower Britain’s rating within the next two yearsIt said it expected government debt as a percentage of gross domestic product to continue to rise in 2015 before declining againA downgrade by one of the big three credit ratings agencies would drive up the UK's borrowing costs | UPDATED: 19:24 GMT, 13 December 2012 Worrying: Britain's gold-plated triple AAA status came under pressure today after an influential credit ratings agency put it on negative watch.