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October, 2008

• `Many parents worry about children getting into debt` [31/10/2008]
  Most parents are concerned that their children will get into debt when they are older as a result of the
• Falling inflation means interest rates could fall [30/10/2008]
  Central banks around the world – including the Bank of England – could soon lower interest rates further, Prime Minister
• Petrol prices ‘could fall below 90p’ [30/10/2008]
  Petrol prices could fall below 90p, experts believe, as falling oil prices and a supermarket price war continue to ease
• Second-hand goods more popular [30/10/2008]
  Internet users are looking for more and more second-hand goods, according to Hitwise, an Experian company.
• Interest rates ‘must be cut to four percent’ [27/10/2008]
  Reducing the Bank of England’s base rate from 4.5% to 4% in November “would be an important step aimed at
• Credit cards `being used to pay off debts` [27/10/2008]
  Consumers struggling with their personal finances in the UK are increasingly relying on credit card spending as a way of
• Supermarket petrol price war heats up [24/10/2008]
  All four major supermarkets today announced petrol price cuts, adding further fuel to the ‘price war’ that recently saw prices
• Charity calls for more action to help struggling pensioners [23/10/2008]
  Charity Age Concern has called on the government to provide greater financial assistance to pensioners struggling with their personal finances.
• New arrears guidance issued by CML [23/10/2008]
  The Council of Mortgage Lenders (CML) has issued new guidance concerning the treatment of consumers who fall behind on their
• Recession to be ‘short and shallow’ [22/10/2008]
  The Ernst & Young ITEM Club, whose Autumn forecast ‘sees an economy that has deteriorated dramatically in the last quarter
• ‘Catch-up’ energy bills could be costly and inaccurate [22/10/2008]
  16 million people could be charged post-rise prices for energy they’d used before prices rose by up to 34% this
• Plan to limit repossessions announced [22/10/2008]
  New rules announced by Prime Minister Gordon Brown today will mean courts must be certain lenders have ‘exhausted every avenue’
• Mortgage fraud `on the up` [22/10/2008]
  The number of home loans acquired fraudulently in the UK has doubled over the last year, new figures suggest.
• Loans still not available at normal levels [20/10/2008]
  There’s good news and bad news in the global money markets, as BBC business editor Robert Peston reports in his
• ‘Consumer champion’ calls for lower energy bills [20/10/2008]
  A new ‘independent champion for consumers’ is calling for energy providers to cut the cost of domestic energy now that
• Scottish bankruptcies on the rise, new figures suggest [17/10/2008]
  The number of consumers declaring themselves bankrupt in Scotland has risen significantly this year, new figures reveal.
• `More women need to secure financial protection` [17/10/2008]
  In order to avoid falling into financial difficulties in the future, more women need to start taking out financial protection
• Petrol prices drop to nearly £1 per litre [16/10/2008]
  British drivers were offered some relief from rising costs of living this week as petrol prices across the UK reached
• Economic situation ‘unlikely to get worse’ [16/10/2008]
  Economic conditions in Britain are unlikely to get any worse, with inflation hitting its peak and several of its key
• Credit crunch causing consumers to risk debt? [16/10/2008]
  As the credit crunch continues to bite, consumers in the UK are cutting back on insurance and pension products, it
• Report calls for statutory regulation of sale and lease back schemes [16/10/2008]
  A new report has called for statutory regulation of the sale and lease back industry in order to increase consumer
• 55% of Brits trying to clear debts [15/10/2008]
  Over half (55 per cent) of adults in Britain are taking action to clear their debts, new figures reveal.
• CML expresses concerns over sale and lease back schemes [15/10/2008]
  The Council of Mortgage Lenders (CML) has expressed a number of reservations about so-called sale and lease back schemes.
• Government scheme to free up credit markets [13/10/2008]
  Today, the government announced a £50 billion scheme to restore confidence in the UK banking industry and kick-start lending.
• Business groups call for further rate cuts [13/10/2008]
  Business groups have warned that the half-point cut in the Bank of England’s base rate may not be sufficient to
• People `not saving sufficiently for retirement` [13/10/2008]
  Consumers in the UK may not be saving enough for retirement, potentially putting themselves at risk of future debt.
• Debt levels `on the rise` [13/10/2008]
  As the credit crunch continues to impact on the personal finances of UK consumers, debt levels across the country have
• Interest rate cut `will help some struggling borrowers` [10/10/2008]
  The cut in the UK`s base rate of interest announced earlier this week by the Bank of England`s (BoE`s) Monetary
• `Not surprising` loans are becoming more expensive [09/10/2008]
  Given the fact that the credit crunch was precipitated by bad debt, it is not surprising that cheap credit is
• Women `risking debt for families through lack of insurance` [09/10/2008]
  By failing to secure insurance, women in the UK may be putting their families at risk of future finance problems,
• Govt actions `could lead to debt for pensioners` [08/10/2008]
  The government`s response to the banking problems in the UK could lead to a deepening of the pensions crisis.
• Reuters: Pay ‘is a key political issue’ [06/10/2008]
  Median pay deals in Britain have risen, says Reuters, citing figures from independent research organisation Incomes Data Services.
• Financial gloom may encourage rate cut [03/10/2008]
  A recent survey of manufacturers may make a cut in the Bank of England’s base rate more likely, the Financial
• Increased longevity `may spell debt for UK pensioners` [03/10/2008]
  As people continue to live for longer in the UK, more must be done to avoid personal finance problems for
• `More people ringing Samaritans over debt worries` [02/10/2008]
  An increasing number of consumers in the UK are calling the Samaritans over concerns about debt, it has been suggested.
• Brits `concerned about retirement finances` [01/10/2008]
  The confidence felt by Britons concerning their standard of living in retirement is falling, a new survey has found.

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