You may think you’ve stripped your outgoings to the absolute bare minimum but with a bit of jiggery pokery you can reduce your bills without sacrificing any goods or services. Go paper-free Not only is it good for the environment, but going for paperless billing can also save you money. If you switch your preferences [...]
If you are feeling overwhelmed by a mountain of debt, you may be able to avoid insolvency by taking measures to reduce the amount that you owe. 1. Don’t Put Your Head In The Sand If you have mounting debt, ignoring the problem will only make it worse. If you are struggling to make monthly [...]
Staggering amounts of money lie unclaimed – when you include shares, National Savings and insurance plans lying dormant it amounts to billions of pounds. Everybody’s budget is under pressure at the moment and yet millions of us are turning our backs on money that is rightfully ours. It would certainly be better in your pocket [...]
Savers will have to take on some risk if they want their cash to stay ahead of inflation. If there is one group of investors who have suffered during the economic crisis it is income seekers – there have been few places for them to turn. The economic downturn left many companies with little choice [...]
Peer-to-peer lenders such as Zopa are on the rise as banks tighten the screws. We look at some of the providers – and the risks involved. Would you lend money to a stranger who asked for help to refinance a loan, buy a second car or redecorate their bathroom? If they stopped you on the [...]
As Ireland’s economy flounder we look into overseas compensation schemes. Over the past two years Irish, Dutch, Indian, Turkish and Cypriot banks, among others, have offered far more competitive deals to UK savers than many home-grown banks, particularly on longer term fixed-rate accounts. As a result, millions of us have money tied up overseas. After [...]
Britons are typically draining their savings by £100 a month to cover household bills and ‘back to school’ costs, according to new research. They had just £1,771 in savings during the three months from July to September, down £279 on the previous quarter and the lowest level since records began in January 2009. The fall [...]
UK Government borrowing fell sharply in July, although the country continued to sink further into debt. The Government borrowed £3.8bn over the month, down from £14.7bn in June, £18.4bn in May and 6.1bn in July last year, according to figures from the Office for National Statistics (ONS). It brings public borrowing for the four months [...]
Britain faces a weaker economic recovery and higher inflation for longer than previously hoped, the Bank of England forecast today. Economic expansion will peak at 3pc next year, weaker than the 3.6pc the Bank was expecting just three months ago. Today’s Inflation Report also forecast that the level of prices will remain above the Bank’s [...]
With someone going bankrupt every minute in the UK, debt is a problem many of us know all too well. But there are ways out of the trap, as Nathalie Bonney shows. It’s official: we are a nation in debt. UK personal debt at the end of April 2010 stood at a mammoth £1,460 billion, [...]
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