Archives for 14 May 2007
Rate rise signals ‘increasing affordability issues’
The decision by the Bank of England to increase the interest base rate to 5.5 per cent is likely to cause increasing affordability problems for borrowers, one organisation has suggested.
British consumers with large debts are unlikely to welcome the increase in rates decided upon by the monetary policy committee on Thursday last week.
However, Spicerhaart […]
Overspending ‘is a problem for four in five’
Around four out of five of the UK population have admitted that they regularly spend beyond their ideal budgets, new research reveals.
The UK’s debt culture is reflected in a survey by Credit Experian which suggests that 80 per cent of Britons admit to regularly overspending.
Data has been published as part of Credit Awareness Week, […]