Interest payments on debt are eating away at the disposable income of UK households according to a new report commissioned by StepChange Debt Charity.
Research commissioned from the Centre for economic and business research (Cebr) found that the monthly interest payment for the average UK household is £189 before any capital is repaid. Debt interest takes up, on average, about 22 percent of available funds after subtracting spending on essentials, such as food and transport, from the average after tax income.
StepChange Debt Charity is very concerned that this significant debt interest burden is leaving UK families in a vulnerable financial position, eroding what they have left for unexpected expenses and leaving little to build savings.
Those in the South East appear to be under the most pressure, spending 30 percent (£315) of their disposable income on interest payments.
Interest payments are lowest, both in cash terms and as a proportion of disposable income, in Wales (£150) and Scotland (£168).
Commenting on the findings, Delroy Corinaldi, external affairs director at StepChange Debt Charity, said: “With few UK households immune to the effects of the economic downturn, it is crucial that families have the means to buffer themselves from unforeseen expenses such as a boiler breaking down.
“If they don’t have the finances to deal with unexpected bills, they are going to have to rely on credit to cover the cost of them. Therefore, the burden of debt interest can often lead to a vicious cycle where people are using credit because so much of their income is being eaten up by debt interest payments each month.”
The indie troupe will run through the 2009 LP, which was nominated for the Mercury Prize, in full at the famous venue on May 9. Tickets are on sale at 10am on November 9. In a statement, they said:
“‘Primary Colours’ was a pivotal album for us and we are excited to give it a deserved celebration as it reaches its 10th year. We welcome with open arms our friends, fans and supporters from throughout the universe to come to the Royal Albert Hall, one of the most beautiful venues in London, to enjoy this very special evening with us.”
ST. GEORGE – Police arrested a St. George woman in connection with the pedestrian fatality that resulted from a two-vehicle accident on Dixie Drive in early March.
According to a press release from St. George Police, a 50-year-old St. George woman was arrested Friday morning on a count of second degree “automobile homicide involving using a handheld wireless communication device while driving.”
St. George Sgt. Sam Despain said the woman’s arrest is the continuation and conclusion of the investigation into the vehicle accident that occurred on Dixie Drive March 4 that killed one pedestrian and injured another.
On that date, around 9 a.m., David and Leslee Henson, both 56, of St. George, were walking on the sidewalk along Dixie Drive near Sunbrook Drive when the accident occurred. Two vehicles were heading southbound on the road when the lead vehicle was rear-ended by the other, causing it to veer off the right side of the roadway. That vehicle hit the Hensons when it left the roadway.
David Henson was transported to Dixie Regional Medical Center by medical helicopter and was pronounced dead at the hospital. His wife, Leslee Henson, was transported by ground ambulance in serious condition, and later transferred to a hospital in Salt Lake City for treatment.
The investigation was conducted by the St George Police Department accident reconstruction team and the Washington County Attorney’s office.
According to state code, the 50-year-old woman is being charged with a second-degree felony offense for allegedly being distracted by “wireless devices,” such as a mobile phone, which resulted in her operating “a moving motor vehicle in a criminally negligent manner,” ultimately resulting in the death of a another person.
Isn’t it about time we start holding these asses accountable? Who believes we have a responsibility to take control of ourselves?
Very sad indeed. But cellular phones should never be used while driving. I see the effects everyday, people driving and talking and more focused with a phone conversation than driving a vehicle safely. Sadly it will take more deaths for this concern to be seriously addressed.
Very sad indeed! We were rear ended in Dec 2012 which caused us to hit a pedestrian. The woman who hit us had been using her cell phone prior to the accident… Better yet, she did not have insurance or a valid drivers license. Thanks to her negligence my anxiety goes through the roof when I am driving. People need to get off their phones and pay attention while driving. It will not kill them to ignore their phones. If it is that important, pull off the road and wait to finish before getting back on the road.
Is it against the law to talk on a wireless and drive, I know it’s against the law to txt while driving but not sure on talking?
Not yet. But they are working on it. There are several possibilities including banning all cellphone use while driving, or allowing hands free use, as is done in several other states.
Whether it is illegal or not to use your cell phone specifically while driving is irrelevant. It is in many cities and states, but not sure about here. But legal or not it is STUPID. Same as it is STUPID to try to eat a Whopper and a milkshake while driving. Or pick up something off the floor. Or stare at the accident you’re driving past. Or lots of other things that are “distracted driving”, which is illegal.
I believe strongly in the principles of justice and mercy, but when the laws are totally ignored or deliberately mocked, then justice has its due. There is denial or minimizing likely to take place afterwards, however when the law has been broken, there is no room for excuses to be made. A common phrase we hear is someone made me do it. I hear it all the time. The fact still remains. With no taking responsibility, no effort being made to rectify our mistakes or to take control of our lives always leads to the full weight of justice that will need to be paid. People need to understand that or they must learn the hard way.
This is one of the first prosecutions under a new statute…I hope it is successful! Little old St. George made the national news when these charges were filed, maybe more states will follow suit. Just hope it doesn’t get plea bargained down to in attentive driving.
what about cops on the laptop and phone and radio.. is there no problem with them using the cpu..i dont get how they get the right to do so… but yet the general public have to say no….i get the need but it should be a law for all not just public….