With Christmas and the New Year now firmly behind us, it’s time for many to take the brave step of checking their online accounts and assessing the damage wreaked by any over-exuberant festive spending. All but the savviest of consumers are likely to have overspent to some degree over the holidays, whether in the lead… Read more »
Personal finance writer for a host of publishers around the world, Mike is an avid follower of all things personal finance. He reveals what the latest personal finance headlines really mean for you and debunks common personal finance myths.
Who would have thought back in 2008 – at the beginning of the ‘credit crunch’ – that we would still be facing the prospect of financial meltdown and recession some four years later? Well, we are. In fact, some commentators are forecasting that 2012 could provide a new low point in western capitalism’s lost decade…. Read more »
UK banks are currently owed hundreds of billions of euros by the countries currently at the centre of the European debt crisis. France owes British banks €227 billion, while Ireland, Spain, Italy and Portugal owe €104.5 billion, €74.9 billion, €54.7 billion and £18.9 billion respectively, according to data from the Bank for International Settlements. Greece,… Read more »