Announcement

Call us on: 0800 953 1202

Services for individuals
These are the issues that affect you or your family.
Please select the area of Personal Law:
Please select the legal issue required:
Services for business
These are the issues that affect your business.
Please select the area of Business Law:
Please select the legal issue required:

Money
 


About this section


Money is generally considered to have several characteristics or functions. It is a medium of exchange, a measure of an item's value, or a store - when it is saved in one place. For the majority of us, money matters - we spend it, we earn it, and some people also attempt to save it.

We need money and make decisions involving it on a day-to-day basis, but there is a vast amount of information you need to be aware of when looking after your finances.

The facts...
  • Total UK personal debt at the end of April 2009 stood at £1,459bn, according to Credit Action. This total was £22.4bn up on the same month lsat year.
  • Average household debt in the UK is £58,370 (including mortgages).
  • Every ten minutes a property is possessed.
  • One person is declared bankrupt or insolvent every 4.35 minutes.
  • Britain's personal debt is increasing by £1 million every 5.3 minutes.
  • Tax evasion is a felony and is illegal. It has serious consequences.
  • Identity theft is one of the fastest growing crimes in the UK and affects more than 100,000 people every year.
  • An estimated 500,000 people in Britain claim incapacity benefit.


Articles in this Category
23/12/2008 FAQs - Money
  Frequently asked questions - money
  Read More >>>
1