Taxman hit as debt levels stay high
Taxman hit as debt levels stay high
Thursday 20th November 2008
Coming as millions of UK households struggle with personal debt totaling more than £1 trillion, the government department has revealed that the number of people falling behind with their individual tax bills has grown by 22 per cent over the past 12 months alone.
What's more, this trend is likely to continue as the country's bad debt problems show no sign of abating and as HM Revenue and Customs struggles to chase up small tax debts, the Guardian has reported.
These worrying figures come soon after former PM John Major expressed his concern over the fact that British consumers now borrow 70 per cent more than they did just a decade ago and called on the government to do more to encourage the uptake of debt advice and debt management services across the country.
News article brought to you by Debt1 – UK debt management specialists.
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