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Financial solutions company Think Money recommends looking back at your finances from this time last year to help you create a clearer picture of your current financial situation. The comments came in response to protection insurance company Bright Grey’s advice to improve your financial ‘safety net’ in 2012. Are you saving at the moment? Could you [...]  The British banking industry has taken a few hard knocks in recent years, with many consumers unwilling to trust those institutions that have made it through the crisis. One such institution that nearly did not survive is the building society Northern Rock, which was recently bought by the Virgin supremo Sir Richard Branson. Branson now [...] The Post Office has recently issued a warning that it expects credit card usage to be dramatically increased in January as people struggle to afford to meet their bills. It is expected that there is going to be a significant increase in spending for most people when compared with the same period last year. The Post [...] Debt Relief Orders were something that the government created in 2009 and were designed to protect creditors from those with debts less than £15,000. Since their launch, many young people have been taking advantage of them and this just shows how many financial difficulties young people are facing in this country. A recent campaign has been [...] Unless there is a major adverse event in the UK in the coming months economic experts have said that they expect UK inflation to be at its peak now. It is expected that throughout the early part of next year there will be a significant decline in inflation rates as recent discussions between Mervyn King [...] A recent survey of people in UK has suggested that this Christmas is going to be the hardest to fund in years. 60% of people are worried about how they are going to pay for things this festive season. Figures have been released by the bank HSBC suggesting this, but also that around 50% of [...] Ofgem, the energy regulator, has said that the average person is paying £300 more than they did last year for their energy bill. This is because of pricing increases by the leading six energy companies. This has brought the average bill up to over £1300 per household. The government has announced that it will be having [...] Students no longer have to wait until April 2012 to reclaim their overpaid taxes and advisers from ACCA are telling students to check out how much they are owed. Many thousands of students will be starting their new year at university in the next week or two, and ACCA, the Association of Chartered Certified Accountants, [...] The new proposals regarding banking will see the banks being forced to separate their high street banking from their investment banking operations, this is try to protect them from any crises in the future. There are some arguments saying that once these measures are implemented the lending to both personal customers and businesses will improve, [...] David Cameron had promised to abolish the Financial Services Authority, FSA, if he became Prime Minister but despite this vow the FSA remains the regulating authority for the financial services industry here. It is supposed to give protection to people receiving financial advice in the country. British expatriates can be subject to poor financial advice and [...] |
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