Page last updated at 18:25 GMT, Monday, 16 February 2009
How to cope with financial difficulties



Gambling chips
The odds can seem to be against you during an economic downturn

Surviving the UK recession will be easier if people face up to any financial issues before they get out of control.

An array of information is available through the BBC News website and various groups offer help for struggling householders.

Here is a guide to some of that advice and information.

SAFE SAVINGS

The banking crisis has brought the safety of savings into sharp focus, especially after the Northern Rock rescue.

Savings up to 50,000 per person per licensed bank are guaranteed, should any UK-regulated bank or building society go bust.

A couple with a joint account is covered per person. So each person in a couple would have 50,000 covered in the account - so up to 100,000 in total would be protected.

Schemes in the EU have to offer compensation for at least the first 20,000 euros (16,300), although they may offer significantly more than that.

For further advice start with this guide to the safety of savings.

If you are worried about your deposits, see this question and answer explanation of savings protection.

The UK programme is run by the Financial Services Compensation Scheme.



Print Sponsor


RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific