November 2011
Credit card repayments 'fall to lowest level for 2 years'
28 November 2011
According to research from analytics firm FICO, the majority of UK credit card holders are repaying less of their outstanding balance than at any time during the last two years.
The research revealed a fall in payment-to-balance ratios on
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Consumer pessimism about personal finances
24 November 2011
New research from insurance and asset management company AXA indicates the UK is feeling pretty gloomy about their personal finances at the moment. One in 10 doesn't know when they will be able to earn enough to cover their outgoings
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Half the population 'not saving for retirement'
21 November 2011
This week is the Institute of Financial Planning's 'Financial Planning Week'. A new survey for the national campaign reveals we are a nation with money worries.
In summary, the YouGov survey found:
• Two thirds of women and more
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Youth unemployment reaches 20-year peak
17 November 2011
Yesterday's figures from the Office for National Statistics (ONS) reveal an unemployment 'crisis' for over one million 16-25 year olds.
The level of youth unemployment broke the one million barrier for the first time in 20 years,
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OFT issues guidelines on mental health and debt
14 November 2011
Debt is a really common phenomenon in the current economic climate and there is growing evidence that debt and mental health problems are linked. The truth is that mental health problems can be a reason for, and a symptom of,
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'Distressed borrowing' - a growing problem?
10 November 2011
"Distressed borrowing" is a modern phenomenon that is used to describe the practice of borrowing money to pay for everyday essentials.
In the current economic climate, incomes are remaining static; food, energy and transport costs are rising
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Unaffordable energy bills - Brits 'go without heating'
7 November 2011
New research from uSwitch.com suggests many people are going without, or at least rationing, heating, baths and hot showers to save on expensive energy bills, following price hikes over the last 12 months.
If you are keeping your use
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UK - '70% chance of another recession'
3 November 2011
Economic think-tank the National Institute of Economic and Social Research (NIESR) has warned that the UK has a 70% chance of going back into recession if the eurozone debt crisis isn't resolved soon.
The UK economy has been stagnant
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