While this may suit the England football team’s wives and girlfriends (Wags) who have rich partners to support them, a survey found that 80 per cent of women were spending more than they brought in. According to the More magazine…

The Association of British Credit Unions Ltd (ABCUL) research says that it was helping low-income families save, with nearly half saying that credit unions were their only method of saving. “This report shows how credit unions are reaching a wide…

New figures show that only a quarter of potential borrowers were approved straight away, with a further 17 per cent being offered a higher rate than they hoped for. Stuart Glendinning, managing director of moneysupermarket.com which carried out the research,…

The Liberal Democrats’ economics spokesman Vince Cable said that the amount of young people in debt is “extremely worrying” and called for better financial education. “The government’s university tuition fees, high house prices and the aggressive marketing of credit are…

According to the research, it costs £15,000 a year to raise a child during its first year due to scores of essential items, but single mothers find it hard to pay for them. “We have noticed a significant increase in…

Research for GE Life shows that a quarter of people who want to retire by 2010 plan to use their tax-free retirement lump sum on a break, despite findings that current retirees struggle to survive on pensions. Scott Dolfi, chief…

Financial advice firm Debt Free Direct’s study found that 28 per cent of all bankruptcies had the former partner’s large debts as the chief reason for splitting. “Typically, people in a relationship will take on debts in joint names, never…

In a bid to avoid taking on extra debt if the rate rises, more people are turning to mortgages where they know how much they will have to repay each month, figures from My Mortgage Direct reveal. “With no Bank…