Archives for 12 April 2007
Male spending attitudes ‘dictated by debt’
The spending attitudes of British men have been affected by rising UK debt levels, reports suggest.
Bharat Book states that consumer expenditure dropped significantly after interest rates rose, as more people began to save.
This trend was particularly prominent among male consumers, who typically carry higher levels of debt and have greater concerns over repayments, the […]
Debt ‘could have considerable impact on mortgages’
Personal debt could have a major impact on the performance of the mortgage market, according to latest research.
A report from Datamonitor on the housing market suggests that the industry’s “outstanding” performance last year could lead to a crash.
However, lenders reacting to consumer debt by issuing sub-prime mortgages could have a major impact on the […]