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February, 2008 news

Wealth, Debt, Age – and a Decade of Change
According to the Office for National Statistics, the average income rose by 92% during the 10 years following 1995 – but the average house price rose by 204%. ... >>

Festive spending and inflation "squeeze" finances
Constantly paying off last year`s debts, along with the current levels of inflation, is causing many people to consider debt management schemes to sort their finances out, an expert has suggested.... >>

Is retirement coming too early?
A new study has found that one in five workers in their 50s feel pressured into retiring before the legally required age. Many feel that they are mentally, physically or financially not ready to take on retirement.... >>

Interest rate cut decision `unanimous`
David Blanchflower was the only member of the monetary policy committee (MPC) meeting who voted against the 0.25 per cent rate cut in the February vote.... >>

Brits `increasingly worried about ability to handle finances`
Nearly a third of UK consumers who owe money are concerned about their ability to manage debts, new research has found.... >>

Northern Rock under "public ownership"
The troubled Northern Rock bank is to be nationalised under temporary government legislation, chancellor Alistair Darling has announced.... >>

Counting the cost of Christmas
Every year, retailers everywhere look forward to Christmas as the time of year when shoppers really splash out, spending money on things they normally wouldn’t even consider. ... >>

Bank in `check before you sign` warning
Consumers who are looking for a savings account should decide what it is they want from their money before committing to an account, a financial expert has claimed.... >>

Consumers should `be wary of interest rates on savings accounts`
Consumers should be wary of just taking the headline rate of interest at face value when choosing a savings account, an expert has claimed.... >>

United in debt - United Kingdom and United States
A snapshot of debt in the US and the UK at the start of 2008.... >>

Brits `can improve their financial fitness`
Shopping around for the best finance deals can improve people`s money situations, an expert claims.... >>

 

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