16th October 2017
Banks to strip back consumer lending

Banks to strip back consumer lending

The Bank of England has announced that UK lenders will be scaling back the provision of loans after repeated warnings about unsustainable lending on credit cards, car finance deals and other types of unsecured lending. […]
16th October 2017
Household debt could cause new cash crisis warns IMF

Household debt could cause new cash crisis warns IMF

The International Monetary Fund (IMF) has warned governments around the world about the impact of fuelling growth with debt-driven consumer spending. They say that after initially supporting economic growth, consumer debt begins to weigh down […]
2nd October 2017

Labour would cap credit card interest

Shadow Chancellor John McDonnell has said the next Labour Government would cap credit card interest payments to try and tackle Britain’s burgeoning debt crisis. The announcement, delivered at the Labour Party Conference in Brighton, comes […]
16th September 2017

Wages stagnant as unemployment falls

The UK unemployment rate continued its record breaking fall, falling to 4.3% for the three months to July from 4.4% in the previous quarter. Wage growth, however, has been slower. And in real terms, wages […]
11th September 2017

When are limited company directors liable for business debts?

Limited company directors are not automatically liable for their business debts, but there are two main circumstances under which the director would be held responsible for the debts. The director would be responsible if they […]
6th September 2017
One in five people who say that they are struggling with debt have seen their credit card limit increased automatically – paving the way for more serious debt problems.

How credit card debtors are targeted by firms

One in five people who say that they are struggling with debt have seen their credit card limit increased automatically – paving the way for more serious debt problems. Citizens Advice said that the proportion […]
4th September 2017

Debit and credit card use balloons

Evidence shows that more and more British consumers are paying with plastic, as figures show a rise in the use of credit and debit cards. The number of transactions carried out on cards grew by […]
21st August 2017
10 years after 2007 crash, wages are still down

10 years after 2007 crash, wages are still down

Ten years after the start of the financial crisis real wages have yet to recover to peak pre-crisis levels. Although the employment rate is the highest on record at 74.9%, experts argue that workers are […]
7th August 2017

The best tools to help manage your personal debt

Levels of personal debt are rising. Borrowing on credit cards, loans and other elements of unsecured finance such as car finance deals is on the increase and experts are warning that for some, the rising […]
28th July 2017

Avoiding debt in the school holidays

Many schools have finished for the summer and parents are staring down the barrel of six to eight weeks of childcare, entertainment and spending. Some parents will be forced to take unpaid time off work. […]