Council tax debt collection is changing. Here’s what it means

The changes come following campaigning from money guru Lewis, who has described the council tax debt recovery system as “grotesque”. “Council tax debt collection is so aggressive it’d make banks blush,” said Lewis, founder of MoneySavingExpert. “It’s the most vicious and damaging form of legal debt collection out there – causing counterproductive misery for millions.…

Hundreds of Solihull residents seek debt advice

A TOTAL of 292 Solihull residents have sought debt advice from the government’s Breathing Space scheme last year – according to debt advice charity National Debtline. And now it is urging more people to seek advice as the costs rise further and the impact of global events hits bills. Breathing Space – also known…

MSMEs need more help, not more debt

Last week Prime Minister Anwar Ibrahim made an important social media post recognising the challenges of micro, small and medium-size enterprises (MSMEs). I am a neighbour of the prime minister and like him I see the same nasi lemak seller who opens at 5am daily. Her stall is on Jalan Sungai Long, next to the…

IMF says treasuries losing premium, warns on debt management

(April 16) :The International Monetary Fund warned Wednesday that the escalating scale of US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe. “The increase in the US Treasury security supply is compressing the safety premium that US Treasuries have traditionally commanded — an erosion…