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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.

HMRC takes a tough line on taxes with bankrupts

Small businessmen tempted by the idea that bankruptcy may be an easy solution to their difficulties are being targeted by HM Revenue & Customs officials who have become increasingly concerned about unpaid taxes, according to a leading law firm.

When the price is not right: Why is a $50m record collection unable to sell for even a fraction of its value?

Sometimes unique items aren't worth what we think, discovers Phil Boucher

Personal insolvencies rise

More people were declared insolvent over the past three months, official figures showed today.

Deal for 11 Southern Cross homes

Eleven southern cross care homes in Scotland are to be taken over by Robert Kilgour, the Scottish businessman who founded Four Seasons Health Care in 1989.

Number of companies on 'critical' list rises rapidly

The dire situation facing many UK companies has been laid bare, with a survey finding that 12 per cent more businesses are on the verge of insolvency than just three months ago.

Shearer put off by financial problems at Cardiff

Alan Shearer accepts the career he covets in management must start with a period outside of the Premier League, even though the financial problems facing Cardiff City have deterred him from taking up the reins in South Wales.

Southern Cross strikes deal to secure care for 31,000 elderly

Britain's largest care-home provider, Southern Cross, announced last night that it had reached an agreement to secure the care of its 31,000 residents.

Championship clubs to introduce financial fair play system

Championship clubs are set to introduce their own financial fair play system where teams can only spend what they earn.

Warning over funding gap for English universities

Ministers "significantly" underestimated the number of universities which will charge maximum £9,000 tuition fees, a Government spending watchdog has found.

More companies are going bust

The slow pace of economic recovery saw an increase in the number of businesses falling victim to insolvency during the first three months of the year, official statistics show. The number of companies liquidated during the first quarter of 2011 rose by 3.7 per cent to 4,121, compared with the final three months of 2010, the Insolvency Service said yesterday.

Early access to pensions ruled out

People will not be allowed to dip into their pensions before they reach retirement age, the Government announced yesterday.

Emmylou Harris: 'I smoked country music but I didn't inhale'

She may now be winning Grammys for 'contemporary folk', but Emmylou Harris is finally ready to confront the heartache and loss that made her the queen of the red-raw country ballad

Simon Read: Banks should do the decent thing and stop helping themselves to our cash

Would a bank be within its rights if it came into your house and took the cashbox you keep under the bed? Of course not. I can see no difference between that and the money you have in your current account. The money belongs to you, not to them. Helping themselves to it is just not on, no matter how much you owe them.

Consuming Issues: Scam debt text hopes to trick the vulnerable

Debt settlement orders are a new government-backed scheme which allow people struggling with debt to apply to have it written off. At least that's according to a text I received this week. But the text is a scam: there is no such thing as a debt settlement order (although there is the similar-sounding debt relief order) and there's no government-backed scheme which allows you to have your debts written off.

MPs voice 'concern' over mystery of Leeds' owners

The chief executive of Leeds United yesterday told MPs he has no knowledge of the people behind the "mysterious trust" that owns the club – and that the club's chairman, Ken Bates, does not know either.

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