- 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
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.
