Millions of British consumers are still keen to spend via plastic and accumulate more credit card debt, recent research has suggested. According to a study carried out by MoneyExpert, almost a quarter of all UK consumers applied for another credit…
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The British Bankers’ Association (BBA) has called for efforts to be made to tackle what it has called the “problem of financial literacy” in the UK. According to the association, a large proportion of the British population are unable to…
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Banks should not resort to a policy of “extreme risk aversion” in the wake of reporting bad-debt write-offs worth hundreds of millions of pounds, according to one expert. David Kuo, head of personal finance at Fool.co.uk, has suggested that it…
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The rate of growth of money lending to individuals in the UK has been slowing for the past few months, according to the latest data from the Bank of England. During the past 12 months, Britons increased their overall debt…
The 100 per cent mortgage deals that had been on offer until recently represented a good way for some people to get a foot on the housing ladder, according to one expert. Louise Cuming, head of mortgages at Moneysupermarket.com, has…
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The Bank of England has been tipped by a string of economic experts to wait for another month at least before reducing the base rate of interest. People looking to become debt free could be hoping for a cut in…
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British financial services firms are likely to demand a deposit from anyone looking to take on a mortgage as trends of recent years are reversed, it has been claimed. According to the mortgage broker John Chacol, the loan-to-value rates of…
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British consumers have become less confident about spending their own cash in recent months, new research from Legal & General (L&G) has suggested. According to the study of the UK’s spending mood, the number of people around the country who…
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