Richard Snook, from the Centre for Economics and Business Research (cebr), suggests that there is a strong chance that inflation in the UK will rise above targets set by the Bank of England (BoE) and a rate raise could be…
Continue reading the "March rise in interest rates “extremely likely”" »
According to the latest UK debt survey carried out by the Debt Counsellors, which questioned people as to what they considered the biggest cause of their financial problems, many personal crises are the result of individual mismanagement. For just over…
The financial services provider’s so-called borrowing monitor suggests that while the number of people taking out mortgages continues to steadily increase, the same can not be said of credit card uptake. In fact, figures have revealed that although credit card…
Continue reading the "Appetite for credit card debt “diminished”" »
The Personal Finance Education Group (pfeg) research also revealed that more than half of all teenagers around the UK were landed in debt before reaching the age of 18 and that 19 per cent see credit card debt as a…
There is a real lack of understanding of how to organise personal finances ifs has asserted, and as debt levels continue to rise in the UK the charity claims that qualifications would ensure that many more people would be able…
Continue reading the "Charity champions financial education courses" »
Official government figures demonstrate that a full 58 per cent more people declared themselves bankrupt in the area during 2006 than did in the previous year, reports the Manchester Evening News. The increase equates to a total of 163 additional…
Continue reading the "‘Bankruptcy booming’ in Greater Manchester" »
According to the Scotland on Sunday newspaper, one in 1,000 people in England or Wales will volunteer themselves for bankruptcy, while in Scotland the figures amounts to two in every 1,000. Experts from Scottish accountancy Johnston Carmichael suggested that institutionalised…
Continue reading the "Scots ‘feeling personal debt pressures’" »
The political organisation calls itself “the party of Wales” and has made the announcement in response to what it perceives to be the serious and growing problem of personal debt. According to recent figures released by the Council of Mortgage…
Continue reading the "Plaid Cymru aims to ease personal debt problems" »
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