TweetShareCustomer spending is expected to remain at a relatively low level over the coming months, according to a CBI survey of high street retailers. Debt worries, credit card bills and loan repayments might be contributing factors to forecasted prudence in the early stages of this year. Andy Clarke, chairman of the CBI Distributive Trades Panel [...]
Archive for February, 2010
Consumers ‘still spending cautiously’
by News Team on February 26th, 2010
Warning over store card interest rates
by News Team on February 26th, 2010
TweetShareThe benefits of store cards are often outweighed by high interest rates, an expert has noted. Tom Howard, spokesperson for the Consumer Credit Counselling Service, explained the products can be marketed as a means to obtain a promotional discount, but those who do not pay what they owe in full each month can face debt [...]
Overdrafts cost 10% more, study shows
by News Team on February 25th, 2010
TweetShareA six-month debt of £1,000 that cost £69.25 in 2008 now comes at a price of £76.63, online comparison company Moneynet.co.uk has revealed. The average interest rate on an authorised overdraft in February 2008 was 13.85 per cent and it has gradually crept up to be 15.32 per cent today- an increase of ten per [...]
Financial issues prioritised, study suggests
by News Team on February 25th, 2010
TweetShareThe recession may have made people more aware of the need to avoid debt problems, as research has shown monetary issues are becoming more important. According to AA Financial Services, Britons are saving more now that at the same time last year. And a general trend of cutting back was cited by director of the [...]
Debt problems may arise as Londoners fear redundancy
by Andrew Smith on February 24th, 2010
TweetSharePeople living in the south of England could be facing debt problems in the future, as a survey has highlighted fears of redundancy. Friends Provident found that more than a quarter (27 per cent) of Londoners are concerned about this prospect, while 34 per cent think their post may move overseas. However, job security appears [...]
Money worries created by rising cost of living?
by News Team on February 24th, 2010
TweetShareBritish households could be facing greater money worries, as research has indicated that many people are struggling to keep up with rising costs. According to a study by Markit and YouGov, growth in incomes is being outpaced by increases in prices for goods and services. Economist at Markit Tim Moore observed that many families are [...]
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