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Bachelors `forced to spend more` Finances `causing women sleepless nights` Christmas spending slowdown expected Christmas spending ‘will fall’ Credit cards: UK interest rates almost double US rates Recession ‘to last well into 2009’ Unemployment `on the up` AA urges public wholesale petrol prices Consumers ‘could expect to see full benefits’ of rate cuts Banks ‘increasing overdraft charges’ People in debt `should be helped to help themselves` Consumers `likely to be under pressure at Christmas` Britain "addicted to debt", politician states Consumers ‘repaying debt from last Christmas’ Brown: Banks must make loans available Workers `missing out on pension money` Christmas savings schemes `good way to stay debt free` `Many parents worry about children getting into debt` Falling inflation means interest rates could fall Petrol prices ‘could fall below 90p’

Consumers `worried over rising living costs`

01/09/2008

The general public is growing increasingly concerned over the rising cost of living in the UK, it has been suggested.

According to Keith Haggart, director of lifetime mortgages at Prudential, a survey conducted recently by the firm revealed that most consumers are worried about the effects of price inflation on their personal finances.

He said: "The vast majority [of people questioned] said they were very concerned about the effects of rising fuel, petrol and food bills."

In news that may not be welcomed by those with high levels of debt, figures produced recently by the Office for National Statistics suggested that the Consumer Prices Index stood at 4.4 per cent in July, compared with 3.8 per cent in June.

Meanwhile, the average cost of petrol rose by 1.2p per litre in July to 118.8p, while meat, bread, cereals and vegetables also saw price rises.

People concerned about their finances may wish to consider a debt consolidation loan as a means of easing the pressure of repayments.

Bachelors `forced to spend more` 17/11/2008 - People who live by themselves find it more difficult to Bankruptcy `increases by 7%` 17/11/2008 - The number of consumers in England and Wales facing bankruptcy Finances `causing women sleepless nights` 14/11/2008 - Financial concerns, potentially including debt problems, are causing women sleepless Christmas spending slowdown expected 13/11/2008 - Christmas spending is expected to stagnate this year, as consumers