- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Brits 'depend on credit cards'
Fri 11 Jan 2008 4pm
The UK is developing into a nation totally reliant on credit card spending, new research has suggested.According to findings from the Post Office, one in four British card holders are now more dependent on their plastic than they were at the start of 2007.
The survey discovered that overspending during the Christmas period has meant that people are particularly likely to resort to making purchases on credit at the beginning of the year, with 41 per cent of people using their card to buy everyday items in January.
Gary Fitton, director of lending at the Post Office, said: "Typically January is the time of year when people struggle with their money the most.
"Many people have overstretched themselves over the Christmas period and have little choice but to use their credit card in the new year."
Recent research by Abbey stated that over three billion people are planning to switch balances on their credit cards in the early stages of 2008.
