Prime minister Gordon Brown has been blamed by the Conservative Party for allowing a “debt bubble” to develop in the UK over the course of the past decade. Following the release of figures that show house prices fell by 2.5…
The National Association of Estate Agents (NAEA) has called on the Bank of England to cut its base rate of interest, it has emerged. According to the association, a reduction in the cost of borrowing is needed in order to…
British consumers are increasingly using credit card debt in a way that effectively removes the need for a short-term personal loan, it has been claimed. According to a report from Moneysupermarket.com, there has been a trend in recent months and…
British government ministers have been urged to take action to remedy the lack of free advice available to heavily indebted consumers. The Liberal Democrats have insisted that more needs to be dome to help the tens of thousands of families…
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A new set of laws have been introduced that will aim to clamp down on what are deemed to be rogue money lenders operating in the UK, it has emerged. The government has claimed that its newly-introduced Consumer Credit Act…
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British consumers are becoming increasingly keen to take on mortgage loans that offer long-term assurances about their interest rates, it has been suggested. A study by the Fair Investment Company concluded that more than a third of Britons would be…
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Credit card lenders in the UK are cutting back on the amounts of money they will allow their customers to borrow, it has been claimed. According to a report from MoneyExpert, the scale of credit card debt British consumers are…
The Bank of England will opt to cut the base rate of interest later this week, according to one expert. Howard Archer, chief UK and European economist at Global Insight, is convinced that the monetary policy committee will trim the…
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