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The majority of economists believe that the Bank of England won’t be changing the interest rates in the country for another 18 months. The Bank of England last changed them in early 2009 and since this time no changes have been made to interest rates in the United Kingdom. In 2009 the Bank of England made [...]  The payday loans industry in the UK is estimated to be worth about £1 billion and it has recently become the subject of inquiry as to whether it is aggravating the personal debt crisis that is occurring in the country. The OFT has recently started the inquiry after becoming concerned that some businesses are offering short-term [...] A recent survey has highlighted that people in the UK are facing harder financial times than ever before. The survey showed that around half of people in the country are unable to afford the groceries that they need on a regular basis. The survey also showed how around 20 percent of people are having to [...] It remains a big challenge for many families to juggle the household finances and ensure everything gets paid on time, and the latest research from Equifax, the provider of instant credit information, highlights the magnitude of the pressures that consumers are facing. 25.6% have said that their biggest fear is the ever rising cost of food, [...] People regard the NHS is a very valuable facility but sometimes people also need additional peace of mind that they will have prompt access to treatment or diagnosis if there is a delay in NHS care. It is possible to create a programme where the care provided by the NHS is balanced with some level [...] Britain’s fourth largest supermarket chain has gained substantially in the number of customers, but not in overall retail sales, according to their latest trading update. Morrisons reported an increase of around 80,000 customers per week in the six weeks up to January 2012, but like-for-like sales rose only 0.7% as opposed to the anticipated 2% [...] Britain’s first attempt to introduce collective purchasing, or group buying, in an attempt to drive down energy bills has seen over 75,000 people sign up to the campaign organised by consumer magazine, Which? Although similar programmes have been run with some success elsewhere in Europe, this is the first time that a large group of people [...] Payday loans are a type of emergency financing that people turn to when they’re unable to wait for their monthly pay. A recent survey that has been conducted of people in the UK suggests that around 1.2 million people have used payday loans in recent months. Finding a company that is going to offer you a payday [...] Financial difficulties have been affecting many people in 2011 and recent research from the bank First Direct have shown that nearly half of survey respondents were less happy about their financial affairs in 2011 than they were in 2010. This is the second year that the bank has conducted such a survey and it also looks [...] 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 [...] |
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