British Gas customers should prepare for a rise in their electricity bills as the company reports that its profit margins have been squeezed to levels below ‘long run expectations’.
It would be the second price rise for British Gas customers in five months. British Gas raised its prices in January this year in response to a hike […]
Many households will be pushed over the edge into bankruptcy this year as borrowing channels dry up as a result of the international credit crunch.Â
A report from the TDX Group, which provides detailed debt-collection information to lenders, claims that about one millions consumers are struggling with ‘problem debt’, at an average of around £25,000 each. […]
If you were to take a snapshot of UK consumer finances at the moment, you’d be excused for feeling less than chipper. The Centre for Policy studies has recently published a report that shows that the total cost of running an average home (with mortgage) rose from £9,837 during 2006, to £11,780 during 2007. This […]
Consumers make many excuses for the - often unhappy - state of their finances. The sub-prime mortgage market fiasco in the US has highlighted the importance of responsible lending, but has also drawn attention to the importance of consumer responsibility. Here in the UK where consumers enjoy a collective multi-billion pound relationship with credit, it’s […]
When we moved into our new flat in March last year, we dutifully set about doing all the things that one does when moving house - that invariably lead to mild feelings of self-hatred for deciding to move in the first place - such as getting phone and broadband sorted out. The flat already had […]
It is a well known fact that January is the longest month in the calendar year. It may only contain 31 days, the same as half of the rest of the months in the year, but somehow January is definitely longer. The days are shorter, the darkness seemingly endless; the cold no longer seems festive […]
