Personal debt levels in Britain could mean that consumers in the country find it difficult to return to a positive economic state, it has been suggested. According to Peter Sargent, president of R3 – an insolvency trade body – the…
Continue reading the "UK debt ‘may stall recovery’" »
People trying to save money by avoiding taking out insurance as one of the ways to prevent themselves from falling into debt could find they pay massive sums should the worst happen, a British charity has warned Statistics published by…
Continue reading the "Insurance claims ‘can cost those trying to save’" »
The digital divide that exists between the UK’s older population and its younger generations could mean that those in retirement are financially worse off as a result – and could risk falling further into debt, a new report suggests. Research…
Continue reading the "The internet ‘could help indebted pensioners’" »
Those looking towards retiring should try and clear their debts before leaving work, an industry expert has said. According to Becky Wilks of the Money Advice Trust – a charity dedicated to providing free and independent monetary counsel – savings…
Continue reading the "Older people ‘should try to be debt-free before retiring’" »
Older people who are trying to save money by using their heating less are finding that they have to spend more due to price hikes, new research has revealed. According to data compiled by the Institute for Fiscal Studies, commissioned…
Continue reading the "Pensioners ‘trying to save by turning down heat’" »
The number of people of working-age who belong to workless households has increased compared to a year ago, according to newly released figures. A survey conducted by the Office for National Statistics revealed that the incidences of those living in…
Continue reading the "Workless household rate ‘has increased’" »
People concerned about money in the recession should look around for the best deals on items such as car and home insurance, figures from a price comparison website suggest. According to data from Confused.com, 25 per cent of people have…
Continue reading the "People in debt ‘should shop around’" »
The consumer credit market could be hampered by the implementation of further regulations, according to new findings. Figures from the Finance and Leasing Association indicate that new credit provided by its members decreased in the second quarter of 2009 by…
Continue reading the "New regulations ‘could hinder consumer credit market’" »