Millions turn to payday loans claim insolvency experts
Millions of Britons are likely to take out a high interest loans in the next six months to last them until payday a group of insolvency experts claims.R3, which represents “professionals working with financially troubled individuals and businesses”, bases its claim on interviews with 2,000 people. Some 60% of those surveyed worried about their level [...]
December 29, 2011
Tags: bankers, borrowing, Credit Crunch, debt management plans, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Borrowing Costs, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Payday Loans, Sub Prime Loans, Uncategorized 
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One in four households face fuel poverty warns Consumer Focus
The proportion of homes in fuel poverty in England and Wales has risen from 18% to 24% in two years estimates suggest.Consumer Focus calculated that nearly 5.7 million households are in fuel poverty – when more than 10% of their disposable income is spent on fuel. The watchdog said the issue was particularly acute in [...]
December 22, 2011
Tags: bad debts, borrowing, finances, Loan calculator, recession, uk recession Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized No Comments
Bank of England governor Sir Mervyn King warns of hard times ahead
UK economic growth will be “flat or close to zero” over the next six months Bank of England governor Sir Mervyn King has told MPs.He told the Treasury Select Committee: “The outlook for output growth in the near term is considerably weaker than even three months ago.” Sir Mervyn’s comments came on the day that [...]
December 15, 2011
Tags: Bank of England, bankers, Credit Crunch, Mervyn King, Quantitative Easing, uk recession Posted in: Bank of England, Bankers, Credit Crunch, Interest Rates, Lenders, Quantitative Easing, Sovereign Debt, Uncategorized No Comments
UK interest rates remain on hold at record low of 0.5%
UK interest rates have been held at a record low of 0.5% by the Bank of England’s Monetary Policy Committee.Bank of England UK interest rates have now been held at 0.5% for more than two and a half years Worries about the strength of the economic recovery meant that economists had expected rates to remain [...]
November 24, 2011
Tags: bank lending, Bank of England, Credit Crunch, Interest Rates, UK loans rates, uk recession Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, UK Loans Rates, Uncategorized No Comments
Compulsory retirement age at 65 fully abolished today
The default retirement age in the UK has been fully abolished today after being phased out from April this year.New legislation stops employers from compulsorily retiring workers once they reach the age of 65. However, research by law firm Norton Rose suggests one in 10 firms plans to offer financial incentives to encourage workers to [...]
October 3, 2011
Tags: Credit Crunch, finances, independent finance, uk recession, unemployment Posted in: Credit Crunch, Finance, Independent Finance, Uncategorized, Unemployment No Comments
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment No Comments
Childcare costs put parents in debt survey concludes
Nearly a quarter of UK parents questioned in a survey by the Daycare Trust and Save the Children say the cost of childcare has put them in debt.The survey of 4,359 parents found 58% had cut spending on other essentials like clothing, heating and other bills. Nearly two thirds said they could not afford not [...]
September 21, 2011
Tags: borrowing, Credit Crunch, debt management plans, uk recession, unemployment Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Pocket money up after seven years bank finds
Pocket money for children has risen for the first time in eight years but only by 36 pence a week, the Halifax has found.The bank’s annual survey suggests that the average amount received by eight to 15-year-olds now averages £6.25 a week. That meant a 6% increase in the past year, but it was still [...]
September 9, 2011
Tags: bad debts, Credit Crunch, debt management plans, finances, recession, uk recession Posted in: Credit Crunch, Finance, Financial Services, Uncategorized No Comments
Workers facing a bleak old age warns pension review
Millions of people face a “bleak old age” because they are falling through the cracks of private sector pension provision, a review warns.The Workplace Retirement Income Commission says 14 million people are not saving into a workplace pension scheme at all. And those who are in a scheme often get charged too much for a [...]
August 3, 2011
Tags: Bankrupcy, Credit Crunch, Interest Rates, personal loans, UK loans rates, uk recession Posted in: Bankers, Credit Crunch, Finance, Independent Finance, Loans Calculators, Uncategorized No Comments
UK economy to grow at sluggish rate CBI predicts
The UK economy will grow at a “sluggish” rate this year according to the CBI.The group has lowered its forecast for the UK’s GDP in 2011, predicting growth of 1.3%, down from its previous prediction of 1.7%, made in May. But the CBI still expects the economy to pick up in 2012. “The economic outlook [...]
August 1, 2011
Tags: Credit Crunch, debt management plans, sovereign debt, UK loans rates, uk recession Posted in: Business Finance, Credit Crunch, Debt Management, Independent Finance, Sovereign Debt, Uncategorized No Comments
