Third of Brits keep financial secrets

As millions of people aim to become debt free, a new study has revealed that around a third of UK consumers keep financial secrets from their partners.

Research carried out by the Carter Allen Private Bank found that more than a quarter of both men and women in the UK are dishonest about the costs of certain purchases.

Those aged between 25 and 34 were found to be among the most likely to lie to their partners about financial issues and millions of people admit to being dishonest about the extent of their credit card debts.

Richard Dunn, managing director of Cater Allen, said: “Since we were founded in 1816, financial etiquette has undoubtedly changed.

“While it has traditionally been considered bad manners to talk about money, this research shows that modern Britons are not comfortable with being upfront about their financial affairs too.”

The UK’s overall debt management burden increases by close to £1 million ever four minutes, according to the Credit Action charity.