Archived News & Related Stories

State pension bonus `will not compensate for inflation`
Pensioners may be left struggling with their personal finances despite measures recently announced by the government which were designed to help them, it has been suggested.... >>

27m consumers `missing out on reduced interest rates on loans`
A significant number of UK consumers are not taking advantage of lower interest rates on loans and credit cards, it has been suggested.... >>

Christmas holidays out as Britons opt to stay at home
New research has shown that more Britons are choosing to stay at home over the Christmas period due to the financial crisis. ... >>

Shoppers `must stick to a budget`
In order to avoid getting into financial difficulties, potentially including debt problems, consumers must stick to a budget over Christmas, it has been suggested.... >>

Festive finance problems `can lead to psychological issues`
Overspending at Christmas time and running up debt problems can cause people to experience psychological issues, it has been suggested.... >>

Elderly `suffering high inflation`
Although inflation is falling and the official rate now stands at 4.1 per cent, the elderly are still paying the price of high utility and food costs.... >>

New Year job fears
2009 could start with multiple job losses, according to a cabinet minister. ... >>

Many consumers to rely on credit for Christmas, study finds
Although a significant number of consumers in the UK are planning to cut back on their festive spending this year, more than one in five still plan to use plastic to fund their celebrations, running the risk of excessive >>

Bank of England ‘failed to spot debt dangers’
Bank of England deputy governor Sir John Gieve has admitted that the Bank did not understand the severity of the problems leading to the economic crisis. ... >>

British gas offers 10% cheaper tariff
British Gas has offered a new tracker energy tariff which it promises will remain 10% cheaper than its standard tariff until March 2010. ... >>

Bank of England predicts deflation in 2009
In his letter to Chancellor Alistair Darling, Bank of England Governor Mervyn King warned that Britain’s economy faces deflation in 2009. ... >>

Britain to be ‘more severely affected’ by global downturn
The global downturn will hit Britain particularly hard, Chancellor Alistair Darling has warned. ... >>

Inflation falls to 4.1%
People in debt may be particularly pleased to hear that inflation fell further last month. ... >>

More households ‘struggling with debt’
A new Bank of England survey has suggested that an increasing number of households are struggling to repay debts. ... >>

Pay cuts ahead?
Many workers – including people already in debt – could be worse off next year if companies cut their pay in an attempt to reduce costs without losing staff. ... >>

Credit card spending drops as bad debts expected to rise
Consumers are spending less on credit cards and are expected to cut back further next year, a chief executive in the credit card industry has said.... >>

Savings fall as Britons repay debts
New research has suggested that British citizens are now spending more on repaying their debts than they are saving.... >>

Pay cuts ahead?
Many workers – including people already in debt – could be worse off next year if companies cut their pay in an attempt to reduce costs without losing staff.... >>

Retail sales fall again
Year-on-year retail sales have fallen for two consecutive months for the first time in at least 13 years, according to a new survey.... >>

Shopping online & avoiding debt
Today is expected to be the busiest day of the year for online shopping, according to internet trade body IMRG.... >>

Older people `risking health due to financial concerns`
Older people in the UK who are struggling with their personal finances, potentially including those with debt problems, are risking their health, it has been suggested.... >>

Dealing with debt ‘a concern for Britons’
New research from MoneyExpert.com suggests that around 30% of British citizens are anxious about managing their debts in today’s economic climate. ... >>

Pensions `may suffer due to rate cut`
Pensioners may run into personal finance problems as a result of the Bank of England`s decision to lower the base rate of interest, a charity has warned.... >>

Consumers ‘more confident about spending’
Nationwide’s Consumer Confidence Report for November suggests an upturn in consumer attitudes to spending, ahead of the festive period. ... >>

Free debt advice
The Pre-Budget Report promises free debt advice to people struggling with debt. ... >>

Consumers beginning to save for a rainy day, expert says
UK consumers are beginning to realise the importance of putting money in savings in order to protect themselves from potential financial problems in the future, according to one expert in the field.... >>

Consumers must be "savvy" to avoid debts and arrears
In order to avoid getting into debt problems and entering into arrears on loan repayments, consumers must be "savvy" over the festive season, a charity has said.... >>

Calls for fair treatment of consumers in arrears
Calls have been made on lenders to treat homeowners in arrears fairly.... >>

Repaying debt ‘higher priority for consumers’
A new survey has suggested that consumers are spending less on ‘non-essential’ pursuits such as eating out, short holidays and garden improvements, as repaying debt has become a higher priority. ... >>

Consumers not thinking through consequences of debt
Consumers may be worried about managing their debts, but many have given little thought to how they’ll repay what they owe. ... >>

Overspending during festive season can lead to debt and disappointment
The tradition of overspending and excessive gift buying in the UK at Christmas time can leave people indebted and with a sense of frustration and disappointment.... >>

Parents being helped out financially by children, study says
A new study has found that a significant number of parents in the UK are in receipt of financial assistance from their children.... >>

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Gregory Pennington are founder members of DEMSA (Debt Managers Standards Association).

DEMSA are the first trade body within the finance industry to successfully secure approval for its code of practice under the OFT Consumer Codes Approval Scheme (CCAS).