The New Year Should See Brits Regaining Financial Control

Posted 2008-01-9

The Department for Work and Pensions (DWP) feels that those who have overspent over the Holiday season should start to think of their future financial plans.

DWP further stated that mainly due to insufficient planning for the season and other such big events, leave people in a financial lurch, and they struggle to repay their bills.

 

A DWP research reported that more than 50 percent of Brits tend to overspend at Christmas, with many areas facing severe financial problems.

 

Jobcentre Plus’s Susan Clark stated that many people find themselves stressed out and struggling to repay the high bills that are accumulated over Christmas.


One way of dealing with this stress is to keep control over one’s finances. A good way of doing this is going in for a loan consolidation.

 

In addition, the DWP announced that it had plans to create a new unit in order to deal with child poverty in the UK. DWP statistics revealed that nearly 600, 000 children were lifted out of povery over the last ten years due to government policies and measures.

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