The warning was given after the bank’s report showed a sharp increase in living costs as debt and bill levels rise and inflation reaches a nine-year high of 2.5 per cent. Michael Saunders, chief UK economist at Citigroup, told the…

Through funding from Barclays, there should be an increase in face-to-face advisors and affordable financial services for low-income consumers. “[This] is an exciting opportunity to reach people in real need who would not normally seek mainstream debt advice,” said Citizens…

Ginny Broad from Alliance & Leicester said that with the interest rate rising recently, it will affect individuals’ loan and debt levels. “We see bigger council tax bills and bigger gas and electric bills and I think that it is…

In the CBI’s latest economic forecast, it predicts lower economic growth than the Bank of England foresees, which could have wide-reaching implications. A poor economic performance for the UK could lead to job losses which would have a severe effect…

People on low incomes would have the most to gain from debt help and could save nearly £60,000 by the time they reach 60, the Resolution Foundation claims. Commenting on the benefit of providing better financial advice to those on…

A quarter of pensioners in the Sesame poll have debt levels so high that they do not intend to pay it off and instead will die owing money which cannot be passed onto heirs. Alastair Conway, head of customer propositions…

Data from comparison site Moneysupermarket.com shows that average spend on cards was £779 and that many holders are accruing interest on this spending, adding to debt. “You could be left with more than a tan if you don’t think about…

The consumer finance website claims that as banks will lose £300 million following a cap on charges, other fees such as increasing interest rates or balance transfer fees means there are new ways to get into debt. Commenting on the…