- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Credit cards 'fuel last-minute Xmas spending'
Mon 17 Dec 2007 4pm
With a large number of Britons still leaving their present-buying until the last minute, many are relying on credit cards to carry the weight of their Christmas spending, according to new research.The study by Sainsbury's Bank claims that UK shoppers will spend a collective £11.85 billion in the week before Christmas, with the average British male shelling out £325.48 on gifts during the last seven days.
According to the findings, 18 per cent of this expenditure will be placed on plastic, with approximately 8.6 million people intending to make at least half of their Christmas purchases using credit.
"Credit cards can be a safe and convenient way to do your Christmas shopping and some provide great rewards for using them," said Donald MacLeod, head of cards at Sainsbury's Bank.
"There are a number of credit cards to choose from, all offering different terms and conditions, so it is important to ensure that you have the right one for you," he added.
A report from Apacs recently stated that over £5 billion will be spent online by shoppers in the UK this Christmas.
