By Mr Bankruptcy 19th August 2026 We normally associate winter with high bills – heating and Christmas spending – but the warmer months are now bringing their own financial challenges. What I call the ‘summer squeeze’ is an increasingly common phenomenon; rising electricity bills for running electric fans and air conditioning are combining with the […]
Read moreBy Mr Bankruptcy 17th June 2026 The UK is facing a quiet crisis behind closed front doors. Across the country, millions of households are locked in a daily battle with rising bills, maxed-out credit cards, and the suffocating weight of unmanageable debt. This isn’t just a problem for low-income families anymore. The household debt epidemic […]
Read moreBy Mr Bankruptcy 1st June 2026 There was a time when going into debt was a last resort. It was a serious decision for major milestones in life, like buying a home. Today though, for millions of Britons, debt is no longer the preserve of major financial decisions. Nowadays, bank loans, credit cards, overdrafts, payday […]
Read moreBy Mr Bankruptcy 18th March 2026 Late or refused payments are an increasingly common challenge for UK businesses, placing unnecessary pressure on cash flow, operations, and long‑term sustainability. For small businesses and sole traders in particular, unpaid invoices are more than an administrative headache; they can make the difference between growth and closure. A widespread […]
Read moreBy Mr Bankruptcy 3rd March 2026 Self-employed sole traders are grappling with growing financial and administrative pressures. Rising debt levels are coinciding with the government’s ongoing rollout of new Making Tax Digital (MTD) requirements, putting extra stress on Britain’s one-man and one-woman businesses. The challenges fall into two clear categories: worsening personal and business debt, […]
Read moreBy Mr Bankruptcy 4th February 2026 Rising interest rates are a concern for anyone with debt in the UK, particularly if that debt is growing unmanageable. So, it was a relief to many when the Bank of England (BoE) cut its base rate by 0.25% to 3.75% just before Christmas. This was the signal many […]
Read moreBy Mr Bankruptcy 8th January 2026 The narrative around debt for the past year has all been doom and gloom; a cost-of-living crisis, rising interest rates, job insecurity, all added to by the expectations of the Christmas season. For anyone facing an unmanageable debt problem, things seem dark. However, I’m going to lay aside my […]
Read moreBy Mr Bankruptcy 18th November 2025 Debt has a natural and necessary part to play in the development of any business, from starting up to finding new markets to becoming an established leader. However, debt can be either good or bad, so it’s important to know in the current challenging economic climate which kind your […]
Read moreBy Mr Bankruptcy 26th June 2025 In both personal finance and national economics, debt is a powerful tool – but also a potential trap. The idea of “borrowing your way out of debt” may sound contradictory but it’s something I hear from individuals, companies, and governments. The sustainability and consequences of this approach, however, vary […]
Read moreBy Mr Bankruptcy 16th January 2025 You had a great idea for meeting a need or solving a problem, you spotted a niche in the market and you decided to take the plunge and set up a small business or become self-employed. You turned your idea into reality, but instead of enjoying the rewards for […]
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