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January, 2009

• Consumer confidence ‘lowest since July 2008’ [30/01/2009]
  Consumer confidence fell to its second-lowest level on record this month, as the pressure of the economic downturn continued to
• Financial education ‘key to combating spiralling personal debt’ [29/01/2009]
  There’s no doubt that personal finance education helps people deal with financial matters in the real world.
• Pensioners’ cost of living rising at four times inflation [28/01/2009]
  Leading economists have said that the cost of living for pensioners is increasing at almost four times the rate of
• Confidence in savings ‘falling’ [27/01/2009]
  Falling interest rates have led to reduced confidence in the benefits of saving, new research has suggested.
• Petrol down 16.5%; gas up 50% [27/01/2009]
  The cost of unleaded petrol has dropped by 16.5% in the last year, according to the AA – but certain
• People `should not rely on mortgage rescue plan` [27/01/2009]
  Homeowners facing repossession should not rely on the government`s new mortgage rescue scheme.
• Women `less likely to file for bankruptcy` [27/01/2009]
  Female consumers are less likely to file for bankruptcy than their male counterparts, it has been suggested.
• Recession confirmed [23/01/2009]
  The Office for National Statistics (ONS) has confirmed that the UK is now in recession.
• British Gas to cut gas prices by 10% [22/01/2009]
  Energy provider British Gas has announced it will cut its standard tariff gas prices by 10%, with effect from 19th
• Consumers `to take out £3bn in debt consolidation loans by Easter` [22/01/2009]
  By Easter, UK consumers will have taken out approximately £3 billion of personal loans for the purposes of debt consolidation,
• Some shoppers `reducing spending due to debt` [21/01/2009]
  Some consumers in the UK are cutting back on their spending as a result of having "huge debts", it
• People `sharing cost of living to avoid debt problems` [21/01/2009]
  Consumers in the UK are increasingly sharing the cost of living in a bid to cut down on expenditure -
• Councils `filing for bankruptcy for those who fail to pay tax` [21/01/2009]
  Some consumers who are failing to pay their council tax are facing the prospect of bankruptcy, new figures suggest.
• Recession ‘to be confirmed’ on Friday [21/01/2009]
  This Friday, when the Office for National Statistics (ONS) publishes its figures for the final three months of 2008, they’re
• Initiative announced to support Scottish people in debt [21/01/2009]
  An initiative designed to make sure that the Scottish government is doing all in its power to help people struggling
• Brits `getting to grips with debts in new year` [21/01/2009]
  There has been an increase in the number of consumers applying for a credit card balance transfer as people try
• Retirees `spending much of their legacy` [20/01/2009]
  Due to current financial conditions, people in retirement are using much of their assets as a means of funding their
• Home loans consuming less of FTBs` incomes, figures suggest [20/01/2009]
  The interest charged on home loans is taking up proportionally less of the income of first-time buyers (FTBs), it has
• Shoppers cutting back due to debt [19/01/2009]
  Several leading retailers have reported shrinking profit margins amidst growing evidence that British consumers are cutting back due to debt,
• Consolidating debt can save money [19/01/2009]
  People with unsecured debts can achieve significant savings by consolidating them – and paying a lower interest rate.
• Scale of Britain’s debts ‘puts us in a much weaker position’ [16/01/2009]
  The sheer size of the country’s debts could hinder Britain’s recovery from the current economic troubles, the Leader of the
• Banks `may have to be forced to lend` [15/01/2009]
  The government may have to step in and force banks to lend more money to consumers and businesses, it has
• Struggling consumers `likely to default on TV subscriptions` [15/01/2009]
  Paid-for TV subscriptions are among the bills most likely to go unpaid by consumers who struggling with their personal finances
• Lack of mortgage funding `due to constraints faced by banks` [15/01/2009]
  Many consumers are struggling to secure home loans as a result of the constraints that banks are under, an expert
• Almost one in four ‘expect to delay retirement’ [14/01/2009]
  A new survey has suggested that almost one in four workers now feel they will have to delay their retirement
• 13% ‘have sought debt advice’ [13/01/2009]
  13% of UK adults have sought debt advice, new research indicates – but just over half of those who are
• Cost of living ‘falls’ [12/01/2009]
  The Telegraph’s Real Cost of Living Index (RCLI) – intended to give a more accurate picture of the level of
• Many debts unaffected by base rate cut [09/01/2009]
  Yesterday, many borrowers welcomed the Bank of England’s base rate cut – but many more realised their debts would be
• 1.5% base rate – an historic low [08/01/2009]
  Today’s base rate cut by the Bank of England’s Monetary Policy Committee takes the rate to an all-time low of
• Gas price cuts expected [07/01/2009]
  Energy company Scottish Power has announced the launch of a cheaper gas tariff, raising hopes that other energy providers may
• Personal debt about £1.5 trillion [07/01/2009]
  The UK’s personal debt stands at around £1.5 trillion, according to the Bank of England (BoE).
• Interest rates `may fall as low as 0.5% this year` [07/01/2009]
  The UK`s base rate of interest may fall to as low as 0.5 per cent by the end of 2009,
• British reliance on gas for energy growing [06/01/2009]
  New figures suggest that Britain’s dependence on natural gas is growing, at the same time as North Sea supplies are
• Small business seek cap on credit cards [06/01/2009]
  Credit card interest rates should be capped to help small business survive the recession, the Federation of Small Businesses (FSB)
• Changes to homeowners support scheme welcomed by AMI [06/01/2009]
  The Association of Mortgage Intermediaries (AMI) has spoken out in support of the government`s aid for homeowners facing a difficult
• Inflation and price falls `may lead to higher disposable incomes` [06/01/2009]
  As cost pressures ease in the UK, many consumers may be able to begin putting aside more money in savings,
• What can I do to avoid Christmas debt? [05/01/2009]
  Christmas is traditionally a happy time – a time spent eating, drinking and being merry with friends and family. However,
• Parents `affect spending habits` [05/01/2009]
  Many UK consumers who spend considerable amounts in the January sales - potentially putting themselves at risk of debt problems
• Mortgage lending `low in November` [05/01/2009]
  UK mortgage lending remained low in November, it has been suggested.
• House price affordability `improved for FTBs` [02/01/2009]
  First-time buyers (FTBs) are now more able to afford mortgages, it has been revealed.

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