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…
Debt managementproblems are now having a significant impact on the finances of middle-income families across Britain, it has been claimed. According to a study carried out recently by Axa, more and more middle-class households are finding it more difficult to…
Money lenders in the UK are tightening their conditions and are making loans less-readily available, according to the latest figures from the Bank of England. The bank’s credit conditions survey established that both secured and unsecured lending activity has been…
Millions of British consumers are refocusing their finances with the aim of becoming debt free, a new study has found. Research carried out by GfK NOP recently discovered that one in five people who had the option of borrowing or…
Debt is the number one fear among young British consumers, according to a recent poll. Research carried out by Ipsos Mori canvassed the opinion of around 1,200 people aged between 16 and 24 and some 48 per cent rated debt…
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Former soap star Mike Reid, known on screen as frank Butcher, had a debt management burden of close to £900,000 when he died last year, according to reports. Reid was for years one of the best-loved actors in the country…
British credit consumers have been urged to assess the level of flexibility a particular loan deal offers before entering into it. David Kuo, head of personal finance at price comparison firm Fool.co.uk, is convinced that flexibility is a crucial aspect…
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The scale of credit card lending took what experts have described as an unexpected jump during February of this year, it has emerged. Credit card debt held by consumers around the country was worth almost £400 million more at the…
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