Debt management could help seasiders cope with unemployment
Debt management could help seasiders cope with unemployment
Friday 21st August 2009
The worst hit resorts were Bournemouth, Weston-Super-Mare and Weymouth, which saw unemployment increases of 130 per cent, 122 per cent and 113 per cent respectively, according to the Trades Union Congress (TUC).
Those who have lost their job and are subsequently struggling to cope financially could find speaking to a debt management specialist an effective way of dealing with the situation.
TUC general secretary Brendan Barber said that despite the best efforts of the seaside towns and the increase in holidaymakers, unemployment levels run the risk of causing a 'lost generation'.
He said: "In spite of [the increase in people holidaying at the] UK's seaside resorts and tourist industry, unemployment is at crisis level in many of our best-loved traditional English holiday destinations.
"A whole generation of young people in seaside towns are finding it almost impossible to make the right start to their working lives."
He went on to say that with the economy in "deep trouble", Britain's youth faced a tough future.
People who have lost their job or young people who are struggling to cope with new financial responsibilities without work may wish to speak to a professional debt management advisor.
Unemployment rose by 2.4 million earlier this month, according to figures released by the Office for National Statistics.
News article brought to you by Debt1 – UK debt management specialists
Related News
Debt management could help parents cope with rising university costs - 20/08/09
The cumulative cost of attending university for this year's school leavers could rise to as much as £25 billion
The cumulative cost of attending university for this year's school leavers could rise to as much as £25 billion
Teacher enters into IVA to curb 'spiralling debts' - 20/08/09
A technology head from Essex has entered into an Individual Voluntary Agreement (IVA) in order to halt his and his wife's ever-increasing debt
A technology head from Essex has entered into an Individual Voluntary Agreement (IVA) in order to halt his and his wife's ever-increasing debt
Morrissey opts for IVA to avoid behaving badly - 19/08/09
TV star Neil Morrissey has entered into an individual voluntary arrangement (IVA) following the collapse of a property investment scheme and the loss of millions of pounds
TV star Neil Morrissey has entered into an individual voluntary arrangement (IVA) following the collapse of a property investment scheme and the loss of millions of pounds
Debt management could help further reduce repossession rate - 17/08/09
Fewer homes were repossessed in the second quarter of this year compared to the first, according to new figures
Fewer homes were repossessed in the second quarter of this year compared to the first, according to new figures
'Hyacinth Bucket syndrome' could increase debt management requirements - 17/08/09
A significant proportion of UK citizens are refusing to downsize, despite acknowledging that the recession is impacting their finances
A significant proportion of UK citizens are refusing to downsize, despite acknowledging that the recession is impacting their finances
News Article Search
Quick Apply
News Archive