An increasing number of British consumers are fearful that they will not be able to clear debt, according to recent research. Figures compiled by MoneyExpert show that a total of around 13.1 million people in the UK are worried about…
The rate of mortgage approvals in the UK has collapsed, according to the Royal Institution of Chartered Surveyors (Rics). Rics has expressed real concern about the state of the UK’s housing market in response to the latest data from the…
Confidence among UK consumers has reached its lowest level since 1990, just before the begging of the most recent economic recession, it has been revealed. With millions of people struggling to become debt free, GfK NOP has discovered that most…
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Cars are the single greatest lure for British borrowers who are being driven into the red, according to recent research. Figures compiled by Experian show that almost one in five men and one in ten women in the UK are…
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The newly nationalised Northern Rock bank is expecting a considerable surge in the number of people approaching its staff for debt advice, it has been suggested. An internal memo revealed that the bank is set to more than double the…
Mortgage-related debt management problems in the UK look set to become more serious than the crisis that occurred in 1992, it has been claimed. According to a report from the Axa insurance firm, there are more homeowners with borrowing arrangements…
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The UK’s housing sector slump has gathered pace in recent weeks, according to the latest data from the Nationwide Building Society. Average house prices are now 4.4 per cent below the corresponding figure for 12 months ago and the speed…
Cuts in the base rate of interest will not be made until August at the earliest, according to the assessment of one economic expert. Howard Archer, chief UK and European economist for Global Insight, maintains that the Bank of England…
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