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Half of people in the UK can’t afford to save
Two thirds of adults in the UK are being crippled by credit card debt, as well as old student loans and car repayments, according to a new study by British bank Aldermore. The research explored the...
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Low income and high inflation leaving people with less to spend
Household budgets have been under an increased amount of pressure, according to new research by Lloyds TSB. A lack of income growth combined with a rise in inflation is causing a reduction in consumer...
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A third of people struggle to control their financial situation
UK families are becoming less economically resilient, new research from Scottish Widows has shown. Nearly a third (32 per cent) of people said they feel unable to plan ahead and are not in control of...
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Half of pre-retirees save nothing for retirement
Almost half of pre-retirees admit they currently save nothing for retirement, according to new research. Respondents in the survey said they will be relying on state benefits and part-time work, as...
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Nearly half of people in the UK fail to budget
In the same week as the chancellor George Osborne announced his Budget, it has been revealed that as much as 45 per cent of people in the UK don't have a plan when it comes to their finances. Less than...
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Budget does little for poorest families, according to charity
The chancellor's Budget has left the poorest families abandoned, leaving many children in poverty, according to the Child Poverty Action Group (CPAG). Citing a previous study conducted before the...
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Fuel costs rise by 5.5 per cent in two months
The average price of fuel has risen by 5.5 per cent in two months, leaving people struggling to find the funds for daily living costs. A survey conducted by Santander found the cost of filling up the...
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More people choosing to holiday abroad due to rising costs of ’staycations’
Rising costs of holidays within the UK is forcing many to choose cheaper overseas alternatives, a new report from VisitEngland has found. While nine out of ten of travellers during Easter 2012...
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Number of financially vulnerable households trebles in last 5 years
In the past five years, the number of financially vulnerable households in the UK has trebled, according to a new study by Genworth. According to the new report, one in five households are affected,...
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Majority of full time workers unsure of income tax thresholds
The majority of UK full time workers don't know what the higher rate income tax threshold is, meaning they could be mismanaging their finances, according to Standard Life. When participants were asked...
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Bedroom tax could leave thousands ‘plunging into debt’
Officials at Manchester Town Hall have warned thousands of families across the Greater Manchester region could end up being swamped with debt as a result of the new bedroom tax, which has come into...
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Homeowning ‘becoming increasingly difficult’ for renters
Buying a house is increasingly out of reach for many renters, according to new research from Scottish Widows. The report, which surveyed 5,000 UK adults, revealed the average renter managed to save...
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Labour leader promises to give councils power against payday lenders
Labour leader Ed Miliband has promised to give councils more powers to slow the rate of payday loan shops cropping up in their town centres. Payday lenders are becoming more common in the high street...
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Parents go without in order to provide for their children
Parents are finding it increasingly difficult to make ends meet and as a result are going without commodities such as food in order to pay for their children's day to day items, according to the latest...
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One in three do not expect to ever own a home
Over a third of people in the UK (35 per cent) do not believe they will ever buy their own home, according to a new report from moneysupermarket.com. This will be disappointing news for the government,...
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Number of unemployed has risen significantly in northern regions
Analysis from the Trades Union Congress (TUC) has highlighted the large increase of unemployment in the north east and Cumbria. Recent figures from the government claim an increase in employment,...
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Average lifetime household spending reaches £1.3 million
The average household builds up costs of over £1.3 million over a lifetime, according to the latest Office of National Statistics Family Spending report. Of all the expenses, transport is the largest,...
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Families in the UK not protecting themselves financially
Many families in the UK are not fully protecting themselves financially, according to Scottish Widows. The Protection Report, released by the pensions and investment company, shows over one in two UK...
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National minimum wage rises below current level of inflation
National minimum wage in the UK will be increased by 12p an hour to £6.31 after the government accepted the independent Low Pay Commission's recommendations. The rise will benefit many people on low...
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HMRC looking to secure tax debts against properties
The government plans to increase the use of charging orders on individuals with outstanding tax bills, meaning properties could become at risk. Charging orders take place when a debt is secured against...
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