- 2008 review - the year of the financial world war.
- 2008 will be regarded as the year the financial world changed forever.
- Mon 5th Jan 2009
- The 2008 Emergency Budget.
- The most important Budget for a generation and the unknown impact on the real economy.
- Mon 24th Nov 2008
- Trumpo recovers from the shock of the Positive 1.5% interest rate cut.
- More interest rate drops still to come and maybe even Zero percent.
- Wed 12th Nov 2008
Wage divide 'contributing to debt'
Wed 16 Jan 2008 5pm
The growing divide between high and low paid workers in the UK is leading more people into financial difficulty, it has been suggested.According to Credit Action, wages for City workers have "exploded" in recent years and created a "super rich" section of society, while people in other jobs have seen the cost of living rise at a quicker rate than their earnings.
Consequently, many Britons are finding it difficult to cope with higher utility prices and other costs brought on by inflation, making a growing number of people susceptible to debt problems, director Chris Tapp said.
He explained: "Wages haven't kept up with the cost of living and so for a lot of people that means that their weekly budgets and the amount of money they've got spare is being tightened up."
Mr Tapp also urged people with debt worries to seek professional advice before making any major decisions about their financial situation.
Recent figures state that the average UK household has £4,280 worth of debt.
