Britain’s base rate is unlikely to rise in 2010, one expert has said. Economist Benjamin Williamson at the Centre for Economic and Business Research remarked that his organisation does not expect the marker, which can impact on loan rates, to…

A large number of people will prioritise clearing their debts over the next 12 months, it has been suggested. Speaking at the conference of travel association Abta this week, the chief executive of Hoseasons Richard Carrick indicated that he believes…

Young people are not the only ones who accept being in debt, according to one expert. Confused.com’s head of credit cards Joanne Garcia said it is “a way of life” for many, including those aged over 50. She explained that…

Despite the fact that Brits appear to have reformed their saving habits – with figures from the Office for National Statistics revealing that the household savings ratio has risen to 5.6 per cent – more must be done to educate…

Despite the fact that Brits appear to have reformed their saving habits – with figures from the Office for National Statistics revealing that the household savings ratio has risen to 5.6 per cent – more must be done to educate…

Over half of the British population aged above 50 have debts aside from their mortgages, new research has revealed, with the average amount owed nearing £7,000. Findings from a study by moneysupermarket.com indicate that, while 17 per cent of over-50s…

New research has revealed that those aged over 50 have suffered the most during the recession in relation to saving for their retirement, with many of them using their lump sums to pay off debts. According to findings from Scottish…

Credit Action has set out the UK personal debt statistics for October 2009, revealing that the average amount owed by households – including mortgages – rests at £58,290. Excluding mortgages, the typical debt per household is £9,180, although this would…