Today's news is that the recession seems to have come to an end.  But where will the longer lasting effects be?

Citizens Advice Chief Executive David Harker said:

"It’s obviously good news that today’s GDP

figures reveal that we are coming out of a recession, but for many the

impact of the recession will be felt for a long time to come. Some

Citizens Advice Bureaux are still seeing people struggling as a result

of the last recession.

"Since the start of this recession (April 2008),

Citizens Advice Bureaux across England and Wales have seen around 10

million problems presented by around 3 million people.*

While the rate of growth in the numbers of people coming to see us is

starting to slow down, having peaked in early 2009, we are still see

seeing significant numbers of clients coming to see us for help. In

particular bureaux are seeing large numbers of people struggling to

cope as a result of losing their job or having their pay or hours

reduced, in turn leading to difficulties managing loan repayments and

pay increasing bills. In some cases people are having to cope with

having lost their homes.

"Government measures to address the worst of the

fallout from the recession, such as the help packages for homeowners

have had a noticeable impact, helping more people to stay in their

homes. However it’s vital attention remains on ensuring these measures

continue to exist and support people through the longtail of recovery

which for many will continue for a long while yet, even as external

focus turns towards recovery and green shoots."

If you are having financial problems contact Bideford CAB for advice.