When the proverbial rainy day arrives for British consumers many now rely on borrowing and not their savings, it has been claimed. Close to half of the homeowners polled recently by Alliance & Leicester said they would struggle to cover…
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As many as one in three British consumers have confessed that hey are seriously concerned about the current state of the UK economy, it has emerged. Figures from the British Retail Consortium (BRC) show that a record number of people…
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Borrowers around the UK are having face up to the new reality that credit has become much more expensive to access, it has been suggested. According to Jamie Elliott, coordinator at financial inclusion network Transact, Britons are finding their budgets…
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British consumers are still keen to shop for clothes and to treat themselves despite the worsening economic climate and the fact that millions are facing debt management difficulties. Such is the assessment of the cahoot banking group, which carried out…
The average annual percentage rates (APRs) being charged by credit card providers in the UK has been increasing in recent months, according to a new report. Figures compiled by MoneyExpert show that after their zero per cent balance transfer period…
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British consumers have been urged to keep a close eye on their finances in order to avoid facing serious debt management difficulties. Consumer education manager at Experian James Jones has insisted that credit users ought to reassess the state of…
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A warning has been issued by the Office of Fair Trading (OFT) over the growing number of businesses trying to exploit the financial vulnerability of insolvent individuals around the country. The OFT reports that a number of companies have been…
The base rate of interest has been held at five per cent, the Bank of England has announced. Most analysts anticipated that the bank’s monetary policy committee (MPC) would hold fire on the cost of borrowing this month in light…
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