All news on the topic: Debt

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UK energy debt hits record £4.79bn as bills surge and crisis deepens
Debt to energy suppliers has reached a new record high of £4.79 billion – a 5% increase on the last quarter, Ofgem has said.
636
In Afghanistan, a father is forced to give his 7-year-old daughters into sexual slavery due to hunger and debt
The BBC reported on an Afghan family who, due to extreme poverty and debt, agreed to give their 7-year-old twin daughters into forced marriage.
660
Russia pressured Assad for $37m oil security debt as regime neared collapse
Just a few months before a coalition of rebel forces overran Syria’s capital and toppled the regime of Bashar al-Assad, Russian officials were in a meeting to push his government to pay off a $37-million bill for providing security for oil installations.
479
‘Wild west’ hospitality sector: restaurant boss accused of withholding £2,600 in wages, leaving worker homeless
Tayla Lewthwaite had £1.90 in her bank account on the day she was evicted.
493
Scheme to enrich himself at the expense of the Russian state budget: how businessman Alexander Shackutin dumped $310M in Amkodor’s debts while keeping €6M in assets for himself
Sensational headlines about the nationalization of Amkodor and the retirement of its former owner, which appeared in the media March 2025, proved far from reality.
491
£56,000 spent on escort and £20,000 watch hidden: court sends finance director to prison
A finance director who gave £56,000 to a call girl said to be Britain’s best-paid porn star has been sentenced to jail for contempt of court.
506
Why it is so difficult to track local government spending: billions lost in a maze of council accounts
For most of my adult life, I watched politics from the sidelines rather than actively engaging with it.
704
Labour under pressure as Starmer won’t rule out breaking manifesto pledge on tax thresholds
Sir Keir Starmer did not rule out the possibility of freezing income tax thresholds, which would constitute a breach of a Labour manifesto promise.
947
Government prepares Thames Water bankruptcy plan in case of company collapse
Ministers have prepared insolvency plans for the utility giant Thames Water in the event of a potential collapse, with ministers warning that the company remains in "crisis mode".
930
Ping Pong is off the menu: iconic London dim sum chain shuts down for good
London restaurant chain Ping Pong has closed down after more than two decades on the high street.
872
‘Debt, hunger and despair’: woman took her own life after DWP error — renewed investigation confirms state’s fault
Rare second inquest hears that Jodey Whiting, 42, left notes saying she had no food and could not pay bills
805
“They’re turning us into criminals”: carers drowning in debt as oversight system collapses
Overpayments because of official failures led to debt and misery for hundreds of thousands of people
855
Billions laundered through Seldon: conman Iliya Dimitrov enriched himself through the "digital feeding trough"
Iliya Dimitrov can formally be considered a millionaire, but with a negative balance, as his wealth consists of enormous debts.
619
Thames Water multi-billion pound debt relief approved by High Court
The judge described the costs incurred by Thames Water in the case as "eye-watering."
796
Man discovers he is entitled to extra £500 each month after 10-minute check
Phil Regan, 59, from Derbyshire, was one of the millions of people missing out on an estimated £19billion in unclaimed benefits and recently discovered he is entitled to PIP
730
All the issues Trump and Biden must overcome before November election rematch
Both current President Joe Biden and former President Donald Trump have a slew of issues they must overcome if either of them hope to win reelection and beat out the other in November
993
Morrisons reports £1 billion loss as supermarket chain counts cost of debt
The retailer, which was bought for £7 billion by US private equity firm Clayton, Dubilier & Rice in 2021, reported the heavy loss for the year in freshly filed Companies House accounts
878
Ofgem concerned costs of achieving net zero could hit poorest households hardest
The regulator has announced a call for input on how to protect households against future price shocks
843
'I was addicted to shopping. By the time I found why I'd blown £40k'
Maddy Alexander-Grout was just 18 when she was offered credit cards at her university's freshers' fair - but she didn't realise she would one day have to pay all the money back
847
Most stressed-out US states ranked — with surprising state taking top spot
One in four Americans say they're so stressed they struggle to function but some areas are more stressed out than others — with one state unexpectedly clinching first place
1113
40,000 struggling families to benefit from new measures to help those in debt
Delivering spring budget 2024, Jeremy Hunt, Chancellor of the Exchequer announced a slew of desperate tax cuts - including a reduction in National Insurance payments
556
US private equity giant Carlyle set to take 82% stake in Southend Airport
Esken, formerly Stobart Group, said it had decided to agree to the proposal designed to settle the airport's £193.75 million debt to Carlyle Global Infrastructure Fund
1404
Urgent warning as 'no win no fee' clients left with huge debts as firms collapse
Clients of 'no win, no fee' legal schemes are being hounded for tens of thousands of pounds and fear they may lose their homes after two law firms collapsed owing millions
937
Record credit card complaints, but majority made by claim management firms - FOS
Complaints about credit cards hit record high, says the Financial Ombudsman Service with nearly three quarters brought by claims management companies and law firms, up from a quarter of these complaints a year earlier
848
'My family wants me to get married - I'm too ashamed to tell them why I can't'
A woman who has been with her boyfriend for four years has admitted they are desperate to get married - but says there's an 'embarrassing' reason why they can't and she doesn't know how to tell their families