The lack of willingness among money lenders to offer credit deals to British consumers is damaging the effort to improve the national economy, it has been suggested. According to the deputy governor of the Bank of England Sir John Gieve,…
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The rate of borrowing and the average cost of houses in the UK will continue to fall in weeks and months to come, one expert has asserted. Vicky Redwood from Capital Economics is convinced that fewer people will be able…
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A cut in the base rate of interest does not appear to be on the cards for later this month, according to one expert. Howard Archer, chief UK economist at Global Insight, is convinced that homeowners and consumers with debt…
The scale of the UK’s personal debt management burden has increased by close to £113 billion over the course of the past year, according to the latest figures. Data collected by the Credit Action charity has revealed that individuals around…
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Anyone looking to borrow money in the UK is effectively fighting their fellow consumers for a share in what has become a “scarce resource”, according to one expert. David Kuo, head of personal finance at Fool.co.uk, has asserted that while…
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Car insurance costs are being driven up and are putting added pressure on household budgets across the UK, it has been claimed. According to the latest figures from MoneyExpert, the typical car insurance premium paid out by a British motorist…
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Selling a property is becoming increasingly difficult for people around the UK, according to recent research from Quickmovenow.com. The web-based home purchase company estimates that half of all property buys around the country are now falling through and this could…
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The scale of lending volumes within the UK’s housing sector will continue to fall, according to the Council of Mortgage Lenders (CML). In response to the Bank of England’s latest figures on consumer borrowing, the CML suggested that activity will…
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