According to the minutes of the most recent meeting of the rate-setting monetary policy committee (MPC), Mr King was one of four members who wanted to see the cost of borrowing increase in June. However, the five remaining members of…
Continue reading the "BoE governor ‘wanted interest rate rise’" »
Figures from Lloyds TSB show that one in ten UK consumers polled within this age range now make a financially-guided decision over whether to enter higher education. In addition, a fifth of all 18 to 24-year-olds in Britain now admit…
Continue reading the "Young Brits ‘taking steps to avoid debt’" »
With the ban on smoking in enclosed public spaces set to come in across England next month, the mortgage broker’s own figures suggest that homeowners could avoid years of indebtedness if their cigarette funds are used instead to overpay their…
Continue reading the "Quit smoking to help clear debt, experts advise" »
With thousands of households around the country in need of a debt solution, figures from Abbey have shown that more than 5.5 million joint account holders in the UK spend money secretively. Furthermore, Abbey reports that 24 per cent of…
Continue reading the "Britain’s ‘sneaky spenders’ revealed" »
Six months since its plans were announced, the Treasury reports that 127 non-charging cash machines have been installed nationwide, while a further 471 locations have been identified as suitable for free ATMs. According to economic secretary to the treasury Ed…
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The money search engine suggests that consumers can take advantage of the growing competition among various banks to secure the best deals available and makes clear that having an overdraft does not restrict people from switching their current account provider.…
Continue reading the "Banking customers urged to switch providers" »
Figures from Abbey demonstrate that around 79 per cent of people were faced with a bill they did not budget for over the course of the last 12 months and cumulatively these charges were worth more than £48.7 billion. Carrying…
Continue reading the "Brits pay out billions on ‘unexpected bills’" »
According to the department’s Trading Standards Service, there are a number of scams operating in Britain whereby mobile phone users are “cold called” and persuaded to give out financial details that they think will result in them switching their phone…
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