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Debt news for week beginning 24th May

24th May - Recession drives 1 in 14 workers to anti-depressants

"As the recession leads ever more people down the path of debt problems and forces ever more into claiming bankruptcy, the pressure and stress on the typical British worker looks set to continue, even increase.  With many concerned about the extent of the new cuts which the Government will be introducing in their 22nd July first annual budget, and further job loss expected throughout all working sectors, will even more of the British working public be on anti-depressants by the end of the year?"

25th May - Consumer inflation reaches 17-month high in April

"A 17-month high in British consumer price inflation was reached in April, to the shock of economists.  Most had not expected interests rates to increase from their record slump of 0.5 percent before then."

26th May - European debt problems threaten recovery

"As the eurozone nervously looks at its members in waiting to see who will next be in need of debt relief, Britain and Germany are two nations which are preparing cuts and economic shake-up to try and avoid becoming the latest European states to financially collapse and need help with debt."

27th May - David Cameron criticises Labour on legacy of debt

"Our huge public debt is clearest manifestation of our economic mistakes", David Cameron will say tomorrow.  The government is preparing to launch its first budget, which is widely expected to contain the deepest cuts since the 1970s, as Britain's search for effective debt relief solutions continues."

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