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LATEST NEWS & EVENTS Rising unemployment 'risks personal insolvency rise'  The number of personal insolvency cases could rise because of the increasing levels of unemployment and inflation, it is claimed. According to the Consumer Credit Counselling Service (CCCS), these two factors could lead to a sharp rise in personal debt problems. The charity said it is concerned about the Office of Budget Responsibility's (OBR) revised prediction for peak unemployment, inflation and household debt over the next few years. Almost half of the people counselled by the CCCS in the last year cited losing their job or falling income as the main cause of their debt problems, making the OBR's forecast of 8.2 per cent unemployment very worrying. Delroy Corinaldi, CCCS external affairs director, said: "The OBR forecast spells disaster for thousands of UK consumers and the next few years will see a significant rise in the number of people in need of financial help and advice." It comes after a survey carried out by the personal and corporate insolvency body R3 showed 43 per cent of people in Britain expect their finances to worsen over the next few months. Posted by Paul Stevens 
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