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Britain’s personal debt mountain is up 900 per person from last year (Image: Getty)Get money updates directly to your inboxSubscribeSee our privacy noticeThank you for subscribing!A report from the Commons Treasury Select Committee also calls on ministers to act now to tackle a looming crisis caused by 12million people not saving enough into pensions.It comes after figures from the Charity revealed Britain’s personal debt mountain which includes mortgages hit in May up from a year ago.The average amount of debt per adult is now or around 113.8% of average earnings. That’s more per person than this time last year.Today’s Treasury Committee report says too many families have too much debt and don’t have any rainy day funds.Other recommendations include bringing the self employed into pension auto enrolment and abolishing the Lifetime ISA because it’s too complicated and has been slammed by industry experts.Nicky Morgan, who chairs the Treasury Committee, said: “Many households are facing challenges that are putting pressure on the health and sustainability of their finances.”Citizens Advice said it had seen a more than 25% rise in bailiff problems since 2014. Vicky Shaw has the low downTech dealsJohn Lewis slash price for Amazon Fire 7 and 8 Kids Edition Tablets devicesThe savings from the high street giant are ideal if you need a few devices for your household.
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