- Life insurance is the most important insurance of them all.
- About 20 years ago, little old Trumpo was an insurance salesman and always believed that life insurance should be the No 1 priority when planning your finances.
- Mon 8th Mar 2010
- Stamp duty return hits first time buyers for six.
- In what can only be described as a dramatic drop in new mortgage lending last month, it appears to be the return of stamp duty that has put the boot in.
- Mon 1st Mar 2010
- Northern Rocks bad bank is not that bad after all.
- Trumpo learns that people are able to move their Northern Rock mortgages to new properties.
- Thu 18th Feb 2010
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.
