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 man behind the blueprint for a generic financial advisory system for the UK has laid out his plan for how such a service might function. Otto Thoresen, who is chief executive of the Aegon financial services group, has made…
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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…
A bill has been put before parliament that outlines a new plan that would aim to help children around the country understand how to handle money more effectively. The bill has been presented by the Liberal Democrat MP Sandra Gidley…
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The household bills being paid by consumers around the UK have been soaring in scale in recent months and years, according to reports. As millions of people try to find a solution to their debt management problems, figures from Citizens…
The sums of money being spent on honeymoon get-aways by newly-weds from around the UK have increased dramatically in recent years, according to a recent study. Figures collected on behalf of esure have shown that the typical recently-married British couple…
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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