Lloyds TSB’s new ‘top up’ savings account will allow customers to save money from each purchase by rounding up transactions to the nearest pound and putting the difference in a separate savings account. The launch has been welcomed by those…
Gordon Brown stated that as of next year, “an extension of Warm Front and going community by community will make it possible for 300,000 pensioner and other households most vulnerable to fuel poverty to have free insulation and central heating”.…
Continue reading the "Fuel poverty still exists despite PBR" »
In the Egg poll, Christmas shoppers need to have a debt management plan otherwise they risk a “financial headache” in the new year as prices increase. However, the good news is that recreational and leisure activities have not risen as…
Continue reading the "Mixed price rise message over Christmas" »
This amount is 36 per cent more than the same period the year before, stating that Individual Voluntary Arrangement (IVA) use had also grown and that the tide of insolvencies is likely to continue. “The trend of rising personal bankruptcies…
According to insurer Cornhill Direct, a fifth of people carry debt to March, while a tenth are still in debt by the next Christmas. “The huge cost of presents, food, drinks and parties means that an 18-year-old who lives to…
Continue reading the "The debt nightmare before Christmas" »
Half of all grandparents have helped with the costs of bringing up grandchildren, with a fifth of these costs attributed to debt repayment. Karl Elliott, a spokesman for the mutual assurance firm, said: “With money issues becoming an increasing concern…
Continue reading the "Families draining grandparents for debt payments" »
In the F&C Asset Management survey, a further 17 per cent of parents and grandparents expect to have to fund their Christmas spending through loans or credit card debt. “There is an undercurrent of cynicism towards Christmas with 16.5 per…
Continue reading the "Christmas means big credit card debt for 14% families" »
It found that that between the first three months of 2006 and April to June 2006, average pensioner household income rose by just 0.6 per cent, while “essential expenditure” rose by 3.8 per cent – over six times as fast.…
Continue reading the "Pensioners’ incomes ‘being squeezed’" »
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