The outlook for the UK’s economy has been described as “highly uncertain” by the governor of the Bank of England Mervyn King. Speaking at a recent Treasury select committee, Mr King suggested that a range of factors, including rising food…
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British consumer have been warned to keep a close eye on their credit card arrangement details in the run up to Christmas to avoid being hit by newly introduced fees. Cathy Neal, senior researcher for consumer group Which?, suggests that…
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Consumers across the UK have been warned to plan carefully how much they will spend on their credit cards over Christmas. Samantha Owens, head of personal finance at Moneyfacts, suggests that shoppers who are not sensible about they spend over…
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The fall in the number of mortgage deals agreed in October could mean that the Bank of England will opt to reduce the base rate of interest next month, it has been suggested. Simon Rubinsohn, chief economist at the Royal…
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More than ten million British credit consumers have admitted that their personal loan and credit card debts are nearly or actually unmanageable. Figures from uSwitch.com show that almost a quarter of all British adults are fearful of their financial future…
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The Financial Services Authority (FSA) has called on the UK’s finance sector to ensure that consumers are being accurately informed about the various products available to them as they surf the internet. Around a quarter of all the financial service…
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Would-be homebuyers and people looking to remortgage in the UK have been urged to assess all aspects of a home loan deal before committing to a particular arrangement. A recent study by Moneysupermarket.com concludes that almost three-quarters of all homeowners…
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Prospective home buyers have been warned that by entering a fixed-rate mortgage deal they could be adding to their future debt management difficulties. A fixed-rate home loan protects against rises in the base rate of interest for a specified period…
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