TweetShareRising costs associated with food, petrol, energy bills and council tax are leaving British consumers significantly out of pocket, it has been claimed. According to research by the Post Office, fewer people are able to set money aside on a regular basis and many of those that do are returning to these funds after only [...]
Archive for March, 2008
Rising costs ‘leaving Brits out of pocket’
by News Team on March 31st, 2008
Consumer confidence ‘hits 15-year low’
by News Team on March 31st, 2008
TweetShareConfidence among British consumer has hit a 15-year low, according to the latest figures compiled by GfK NOP. The research firm has found that consumer optimism dipped around the country in each of its five assessment categories last month, despite recent cuts in the base rate of interest. Families around the country are seeing their [...]
Young Brits hoping to take on home loans
by News Team on March 30th, 2008
TweetShareMany of the UK’s young consumers are hoping to take on a home loan despite the worsening economic climate, according to new research. Homeowners around the country are feeling the financial squeeze as their debt management problems mount up but around 57 per cent of people aged in their 20s remain keen to get on [...]
Loan users ‘faced with disaster’
by News Team on March 29th, 2008
TweetSharePeople who use loans in order to fund their everyday activities are facing disaster as a result of rising interest rates, it has been claimed. According to moneysupermarket.com, interest rates in the UK have been rising in recent months, which is good news for savers and could spell disaster for people who are struggling to [...]
Debt woes ‘in no one’s interest’
by News Team on March 28th, 2008
TweetShareSerious debt management problems are in no one’s interest and consumers should take the steps necessary to solve their financial difficulties, says Gareth Mackie, a spokesperson for Halifax. Mr Mackie has noted that borrowing has become a significant part of British society but is convinced that lenders and consumers have nothing to gain from excessive [...]
Consumer credit ‘up £600m in February’
by News Team on March 28th, 2008
TweetShareThe scale of the UK’s consumer borrowing increased by around £600 million over the course of last month, according to the latest data from the British Bankers’ Association (BBA). January saw an increase of £400 million and the six month average rise has been £500 million, but the association has described consumer credit activity as [...]
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