Archives for 11 May 2007
Money remains ‘the last taboo’
British consumers would rather discuss sex or health than money matters, according to new research.
The subject of salaries, debt and the like are not considered to be suitable subjects for conversation, causing a proportion of the population to not plan their finances appropriately, according to Scottish Widows.
Research by the firm indicates that nine out […]
Rate rise ‘will impact upon stretched incomes’
British consumers who are currently in debt or whose income is stretched may feel the effects of the Bank of England’s May base rate increase, according to one commentator.
A spokesperson for financial provider Lloyds TSB asserted that yesterday’s decision by the monetary policy committee to raise the interest rate to 5.5 per cent would […]
Bank of England raises rates by 0.25%
The Bank of England has raised interest rates by 0.25 per cent today.
While the decision was widely expected, initial reaction from experts has shown concern over levels of debts for homeowners facing high mortgage repayments.
James Falla, managing director of debt consultancy Thomas Charles, told 24dash.com that the decision marks the fourth rise since August […]