He labelled inflation expectations “not of serious concern yet”, although many people already fear an interest rate rise that could push them further into debt. His comments may fuel speculation that the governor is reluctant to increase interest rates from…

The Institute for Public Policy Research (IPPR) survey reveals that nearly five million parents need financial assistance for childcare, without which they risk being stuck in a debt cycle as they cannot afford to return to work. “Further investment in…

Friends Provident’s survey claims that a fifth of people believe that they could survive retirement on a lump sum of £50,000, but this only works out at a quarter of the weekly minimum wage to live on. “The continued lack…

Lloyds TSB’s Consumer Barometer report claims that two thirds of the population expects a rise in the interest rates during the coming year, pushing up the amount of debt they will have to repay each month. Trevor Williams, chief economist…

Seymour Fortescue of the Banking Code Standards Board said in an interview that it is important that banks consider people’s ability to pay money back when issuing credit cards or loans. Speaking on BBC One’s Breakfast, Mr Fortescue said: “There…

Although the Bank of England announced on Thursday that interest rates are to remain at 4.5 per cent, most analysts are expecting a rise in the rate later this year, which would particularly hit those on a variable mortgage. “The…

They claim that women are not saving enough for retirement, leading to females over 60 becoming the fastest-growing group of people seeking debt advice. “In general, men are tuned in to the importance of pension saving and are likely to…

This claim was made by the Motley Fool which says that only 11 per cent of people have reclaimed the charges, while only 39 per cent know anything about the issue. “So far, most claimants have been successful, but banks…