News According to research, there is a strong link between financial issues and low mental well-being in people over 50

High levels of personal debt in Britain could be creating a health time bomb, according to research showing a strong link between financial problems and low mental well-being in older people.

Tuition fees will bankrupt universities, says watchdog

A growing number of universities will run the risk of bankruptcy as a result of the Government's higher education reforms, the National Audit Office will warn today.

Moves to ban rogue cold-callers

Tens of thousands of vulnerable people are being tricked into handing over large sums of money after being cold-called by rogue credit brokers and debt management firms, a consumer group has warned.

David Prosser: Farepak victims not forgotten after all

Outlook This is not to prejudge the outcome of the proceedings the Insolvency Service began yesterday against the former directors of the parent company of Farepak, but it is genuinely heartening to see the Government seek to hold someone to account for what was a sordid episode. The only losers so far from the Farepak scandal have been its savers – five Christmases have passed since they learned tens of millions of pounds of money put by so prudently had somehow gone up in smoke, but little responsibility has been attached to anyone involved.

Two-thirds say the cuts will hit the poor hardest

Only a quarter of people think the Government's spending cuts are fair, amid growing concern that the most vulnerable sections of society are not being protected.

£27m promised to save debt service

The Government today pledged £27 million to ensure that consumers struggling with debt could continue to get free face-to-face advice.

Specialist debt advisers 'face redundancy'

Five hundred specialist debt advisers have stopped taking on new cases because their funding will soon be stopped, it was reported today.

Report urges streamlining of debt advice system

The debt advice system needs to be streamlined to make it easier for consumers to understand and to offer people help at an early stage, a report suggested today.

Sharp rise in the number of struggling companies

Thousands of British companies are suffering from serious financial problems as the economy gears up for the full impact of the public spending cuts and tax rises, according to a report from the restructuring and administration firm Begbies Traynor.

AIM stages recovery as delistings fall over 2010

London's Alternative Investment Market (AIM) mounted a recovery over 2010, with the number of companies opting to flee the market easing by 44 per cent.

Simon Read: It's the year to really get a good grip on your finances

Happy new year! I trust that the hangover soon subsides but that any well-meaning resolutions you made last night last a little longer, especially if they are to do with getting your finances in order in 2011. Rest assured that we'll continue to bring you the best investment advice and money-saving tips as normal.

Spider-Man's fallen star gets back on his feet

A stuntman who fell 30ft (9m) while playing Spider-Man on Broadway is walking again – and his father says his son can't wait to return to the web-slinging role, despite injuries which saw him being treated in an intensive care unit.

Six in ten fear financial shortfall in 2011

Six out of 10 Britons are worried that they will not have enough money to enable them to live comfortably during the coming year, a survey indicated today.

Debt collectors pursued wrong people

Action has been taken against one of the UK's biggest debt collection agencies after it pursued the wrong people for money owed.

1,800 lose jobs in further cuts at Rok

A further 1,800 redundancies at the building services company Rok were announced by administrators yesterday, bringing the total job losses to about 2,600.

Rok administration puts 3,800 jobs at risk

Rivals were eyeing Rok's business and clients last night after the building and social-housing repairs group went into administration, putting about 3,800 jobs at risk. The news follows two profit warnings and the discovery of financial problems at the company's plumbing, heating and electrical (PHE) business earlier this year. It also comes on the back of the demise of Connaught, the rival social-housing group that went into administration in September after being hit by local authority cutbacks in the wake of the Government's austerity drive.

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A long jumper competes in the 80-to-84-year-old age division at the 2007 World Masters Championships
Radamel Falcao was forced to withdraw from the World Cup after undergoing surgery
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Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvHe is only remaining member of original cast
Life and Style
Walking tall: unlike some, Donatella Versace showed a strong and vibrant collection
fashionAlexander Fury on the staid Italian clothing industry
Arts and Entertainment
Gregory Porter learnt about his father’s voice at his funeral
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Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam