More than eight million families admit spiraling personal debts are 'a burden' with average UK household now 3,200 in the redPressure of debt has got worse since the 2008 recession, ONS survey findsSouth-East has the highest levels, Wales the lowestBritish debt mountain now approaching 100bn, based on unpaid credit cards, loans and overdrafts By Becky Barrow PUBLISHED: 16:17 GMT, 28 January 2013 | UPDATED: 16:51 GMT, 28 January 2013 More than eight million families admit their personal debts are ‘a burden’ as the country’s total debt mountain balloons to nearly 100billion, official figures revealed yesterday. The report, from the Office for National Statistics, highlights how debt problems have jumped sharply since the recession struck in 2008. To make matters worse, it ignores people’s mortgages, and looks only at other types of debt such as an unpaid credit card bill, an overdraft and a personal loan
Gary Lineker to sign new Match of the Day deal – but BBC force him to take a 500,000 pay cutHe will present football on Beeb until after 2014 World Cup in BrazilFormer England star's 2m-a-year deal is up this summer Most Match of the Day pundits have also had to swallow salary cuts By Martin Robinson and Charles Sale PUBLISHED: 10:11 GMT, 24 January 2013 | UPDATED: 13:03 GMT, 24 January 2013 Gary Lineker is poised to sign a new contract with the BBC to continue as the host of Match of the Day – but the presenter will take an estimated 500,000 pay cut in the process.
Married banker, 46, leapt seven floors to his death from City restaurant Coq d'Argent 'after struggling to pay children's school fees'Inquest finds Nico Lambrechts intended to kill himself when he jumped off the roof of Coq d'Argent in October last yearBanker was about to move home to South Africa and had financial troubles /10/18/article-2219345-050942290000044D-717_634x399.jpg” width=”634″ height=”399″ alt=”Suicide: Mr Lambrechts jumped to his death in the internal atrium of the building in the City of London” class=”blkBorder” /> Suicide: Mr Lambrechts jumped to his death in the internal atrium of the building in the City of London Site: Police stand at the spot where Mr Lambrechts fell to his death Domenico Ferrini, who hired Mr Lambrechts at Investec in June last year, said that the banker had joined the company shortly before it was due to move its headquarters to Cape Town. 'He was very interested to start with and it was a wonderful opportunity within our growing business,' he said. 'I think there were a few things he was worried about.
The 'City soldiers' paid 100,000 to fight in Afghanistan: Huge Government payouts to reservists who earn less while on tour Some serving reservists earn up to 225,000Last year eight reservists were paid more than 100,000 for their tour 'Reservist Awards' under review by MoD | UPDATED: 09:16 GMT, 24 December 2012 Some Armed Forces reservists in Afghanistan are being paid six-figure salaries by the Government, it emerged last night. Military rules state that if reservists’ pay works out less than they would earn in their civilian job, they can claim for extra cash, known as a Reservist Award.
South widens property price gap with the rest of Britain: Value of London home up 28,500 in a year but falling in seven other regions | UPDATED: 01:57 GMT, 21 December 2012 Britain's housing market has ‘a stark North-South divide’, with house prices rising in London and the South but falling across the rest of the country, a report said yesterday. It showed that the value of homes in London has jumped by an average of 28,500 over the last year, but prices have been dropping in seven out of 11 regions
Generation of OAPs happy to keep working: Over-65s with jobs up by 124,000 in a yearThose aged over 65 who have jobs also benefit from the 'feel-good factor'They enjoy higher standard of living, better health and longer life expectancy | UPDATED: 23:04 GMT, 16 December 2012 Pensioners facing higher costs of living are working in ever greater numbers, according to a report yesterday. The number of those aged 65 or over who are still in work soared by 124,000 over the past year.
Generation Rent 'has no stake in community' because housing market means they are being frozen outNew report shows younger people are failing to get a foot on the housing ladderInstitute for Public Policy Research says they are also putting career ambitions and family plans on hold | UPDATED: 23:04 GMT, 10 December 2012 A generation of young people is being frozen out of the housing market and failing to put down roots, a report has found. It said soaring numbers of young workers are being forced to rent, giving them little stake in their neighbourhood and a reduced sense of community spirit. Their inability to get a foot on the housing ladder also means putting their career ambitions and family plans on hold
The 320,000 superhead: State-funded academy chief's salary soars by 31%… and dozens more are also paid six figures | UPDATED: 01:58 GMT, 8 December 2012 Inflated salary: Sir Dan Moynihan, who runs the Harris Federation of academies, earned 317,999 last year Heads of state-funded academies are earning up to 320,000 a year as salaries soar. Charities running the schools are paying dozens of senior staff six-figure salaries, with six managers earning at least 200,000
5m will be paying higher-rate tax: Record number snared in 40% trap within next three years Hundreds of thousands of families who do not consider themselves wealthy are being pushed into tax band which they thought was for the well-off Worker currently qualifies for 40p rate when their salary is 42,475Salary threshold will be lowered next year to 41,450 | UPDATED: 23:50 GMT, 6 December 2012 A record five million workers will be paying higher-rate tax by 2015 – half a million more than the Treasury has predicted. The true scale of the 40 per cent tax trap was revealed yesterday by Britain’s leading economic forecaster
Osborne's big squeeze: 400,000 more workers to be snared in 40 per cent tax trapA record 4.5million could be paying the higher tax rate by the end of this Parliament Chancellor George Osborne announced that the point at which workers start paying higher-rate tax was to increase by one per cent a year. | UPDATED: 23:40 GMT, 5 December 2012 A record 4.5million workers could be paying higher-rate tax by the end of this Parliament. The number in the 40 per cent band is expected to rise from 3.8million today by another 400,000 over the next three years, the Treasury said yesterday