Those who use store cards to make purchases this Christmas are likely to receive a “rude shock”, David Kuo of Fool.co.uk has warned. According to Mr Kuo, many store card companies are planning to increase the interest rates, which could…

Planning Christmas shopping ahead of time can help consumers save money over the festive season, one finance expert has suggested. Jasmine Birtles, who has partnered with Lloyds TSB to produce a podcast offering advice on how to reduce Christmas spending,…

The UK needs to stop relying on borrowing in order to pay for consumption, one economist has stated. Charles Davis of the Centre for Economics and Business Research stated that people need to spend less and save more in order…

Food and oil prices are set to decrease in the coming months, a financial advisory firm has predicted. Adrian Lowcocks, senior investments advisor at BestInvest, stated that the potential recession will result in a fall in gas and oil prices,…

The Bank of England’s monetary policy committee (MPC) has cut the base rate by 1.5 percentage points, bringing it down to three per cent. Announcing the move at midday today, the MPC explained that the decision to make a “significant…

Nearly all Britons are planning on cutting back their spending in order to survive during the current financial downturn, new research has revealed. The study, conducted by Legal & General, found that 93 per cent of the population is taking…

There is an increasing number of people seeking debt advice, Citizens Advice has told money advisors attending a summit on the matter. The claim has been made by director of policy for the charity Teresa Perchard at the second annual…

Tighter budgets are likely to cause families to not spend as much during the Christmas period, one money website has predicted. Head of personal finance for Fool.co.uk David Kuo remarked that due to less disposable income and few options in…