TweetShareCalls have been made for government policymakers to clampdown on excessively high store card interest rates. The Conservatives’ shadow chancellor George Osborne recently suggested that while proper debt management is primarily the responsibility of individual consumers, the government should also aim to protect them to some degree. Around £2.2 billion is currently owed to store [...]
Archive for June, 2008
Calls made for ‘store card clampdown’
by News Team on June 19th, 2008
MPC ‘considered rate hike’
by News Team on June 19th, 2008
TweetShareThe Bank of England’s monetary policy committee (MPC) considered increasing the base rate of interest across the country earlier this month, it has emerged. According to the minutes of the MPC’s meeting, there was sufficient concern about the recent rises in inflation for the members to give some thought to hiking the cost of borrowing [...]
Debt woes ‘worsening for middle Britain’
by News Team on June 19th, 2008
TweetShareThe debt management woes being faced by families that are thought of as being part of middle Britain have been worsening in recent months, it has been claimed. A new report from the insurance firm Axa has revealed that there has been a sharp rise in the number of middle class Britons turning to experts [...]
Lenders ‘risk billions’
by News Team on June 19th, 2008
TweetShareLenders in the UK are risking billions of pounds by not insisting on seeing proof of income from their customers, according to recent research. Price comparison firm uSwitch.com has found that almost 85 per cent of all credit applicants did not have to prove their income level over the past 12 months. In addition, around [...]
Fixed mortgage rates ‘hit 10-year high’
by News Team on June 18th, 2008
TweetShare The interest level offered by the average fixed-rate mortgage deal in the UK has hit a ten-year high, according to the latest figures. Moneyfacts reports that the typical interest level on a two-year fix is currently around 6.75 per cent, while homeowners looking to fix for five years can expect to pay around 6.72 [...]
Inflation hits 3.3%
by News Team on June 18th, 2008
TweetShareThe rate of inflation in the UK has hit 3.3 per cent across the UK, according to the latest data compiled by the Office of National Statistics (ONS). Last month, the annualised rise in the cost of food stood at 7.2 per cent but this figure is was at 8.7 per cent by the end [...]
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