Problems with debt; PM’s bleak warning over UK’s severe deficit problem

Written by Becky on Monday 7 June 2010

Deficit problem will affect ‘every single person’

Prime Minister David Cameron warned yesterday about the UK’s problems with debt and that plans to cut the deficit will have “enormous implications” for the country, stating in a speech;

“How we deal with these things will affect our economy, our society - indeed our whole way of life”

“The decisions we make will affect every single person in our country and the effects of those decisions will stay with us for years, perhaps decades to come”.

The consequences of the problems with debt that the country currently faces are also reflected in the debt problems that many consumers are facing and struggling to come to terms with in their personal life.

Personal problems with debt?

The number of people struggling with personal debt in the UK has risen greatly over the last few years. Those facing debt problems may be suffering from considerable anxiety, stress and depression or perhaps more alarmingly, in some cases, thoughts of suicide.

If you are worried about debt then it’s important to seek debt help. Advice lines such as the Samaritans or your local Citizens Advice Bureau are there to provide help and support in a crisis, both emotionally and practically. Additionally, why not read Payplan’s tips on how to beat the stress of debt for additional help.

Some people struggling to manage their finances may even be trying to hide a debt problem from their loved ones too, whilst others may be struggling with a relationship breakdown due to problem debts. Relate offer relationship advice and counselling services to those in need - click here for more information on how to find your nearest Relate counselling service.

Many people are today struggling to manage their home or business, are facing redundancy or even bankruptcy. If you’re struggling to manage your finances, then contact Payplan today for free confidential debt advice.

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