Archives for 12 June 2007
Student debt rises to £3bn
The debt levels of students has risen to £3 billion, it has been claimed.
According to reports, the UK’s Student Loans Company is expected to announce later this week that debt levels have trebled since 1997, as a result of the need to cover fees and maintenance.
“Debt levels of such dramatic proportions do not only […]
Further interest rate rises ’should be expected’
The governor of the Bank of England has warned that further interest rate rises should be expected, which may concern those worried about rising levels of debt.
According to the Bank’s governor Mervyn King, it should be expected that interest rates will increase to six per cent before the end of 2007 unless there is […]