The number of people declared insolvent in England and Wales hit a new record high during the third quarter of the year, official figures showed today.
Taxpayers were hit for at least another £28.7 billion today as two state-backed lenders unveiled break-up plans on a seismic day for the UK banking sector.
The Government may have to add 7p to every £1 of basic rate income tax due as part of efforts to cut the national debt, according to a report published today.
A mammoth 175,000 students are still waiting to receive loans and grants even though their courses have already started, an investigation revealed today.