The rising fuel bills that British consumers have been experiencing in recent months could spark a drive towards more environmentally friendly living, it has been claimed. According to a report from Tescocompare.com, many households are aiming to reduce their energy…
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The scale of so-called distressed borrowing is likely to increase across the country in months to come, it has been claimed. According to Howard Archer from the Global Insight research firm, more and more British consumers will turned to credit…
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Chancellor Alistair Darling has called for an end to what he has described as “rip-off” fees being charged by mortgage providers in the UK. Speaking to the Liverpool Daily Post recently, Mr Darling expressed concern that homeowners who are already…
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Former pop star and reality TV regular Kerry Katona could face bankruptcy if she fails to resolve her current financial difficulties, according to reports. The 27-year-old was told during legal proceedings at the high court recently that unless she paid…
The housing market in the UK is effectively “being throttled” as an increasing number of families struggle to cope with their debt management problems. Such is the claim of Howard Archer, chief UK and European economist for Global Insight, who…
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The scale of credit card borrowing across the UK continued to increase last month, according to figures from the British Bankers’ Association (BBA). Members of the association reported that their customers took on around £7.5 billion worth of added credit…
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Commodity prices are being faced with a “seismic shift”, which could ultimately see UK consumers faced with increased energy prices and an added debt management headache. The chief executive of E.ON Dr Paul Golby told a parliamentary committee this week…
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The average interest level on a fixed-rate mortgage deal is now as high as seven per cent, according to the latest figures. Data from Moneyfacts have shown that lenders are tending to offer fixed-rate mortgage deals that are less favourable…
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