Inflation rises and the ongoing growth in property markets around the UK will see the bank increase its base rate of interest to 5.5 per cent, suggests director of housing at Legal & General, Stephen Smith. “With inflation running away…

Recent research published by Scottish Widows claims that the rising levels of personal debts across the country mean that 3.5 million families with children are reliant upon a consistent income from two parents. Additionally, the average British family with two…

Experian’s independent economic consultancy arm Business Strategies suggests that with interest rates likely to be rise, the knock-on effects will be bad news for the millions of Brits faced with mortgage arrears and credit card debt. Creditors will have this…

Costs such as parking fees, maintenance payments, fuel charges and vehicle taxes are all taking their toll on the finances of the average British motorist and could be making finding a debt solution more difficult for many, a recent Zurich…

The ban will impact pubs, restaurants and workplaces throughout the country and could cut spending on tobacco and alcoholic drinks by close to three per cent, according to a report from the centre for economics and business research (cebr). Many…

Figures from Investec Private Bank show that the number of women in the UK who share similar concerns about their financial future has risen by around 600,000 over the course of the last 14 months. Furthermore, the proportion of British…

Described as the most wide-ranging study of its kind, the OFT will pay particular attention to the charging of consumers who have items returned or who enter an overdraft without authorisation to do so. With these charges impacting thousands of…

Researchers at Ohio State University studied the IQs and financial situations of around 7,500 people in 2004, and found “no relationship” between being smart and being wealthy. Indeed, among the thousands interviewed as part of the study, six per cent…