Articles Tagged With: Recession

Van drivers and other motorists must take extra care on the roads this December, according to the RAC. Commenting as the shortest day of the year – December 21st – approaches, RAC patrol ambassador

Almost half of all car owners have cut corners on repairs and maintenance to save money in the past year, it has been reported. According to Post Office Car Insurance, 28 per cent have slashed costs to

Two in five motor finance fraud cases were committed by people selling cars they did not own during the third quarter of the year, it has been reported. According to figures published by the Finance and

Consumers seeking the best credit card deals should prepare properly before applying, it has been claimed. According to Experian, there is still plenty of choice available in the market despite the recession,

Drivers who fail to include breakdown cover on their insurance policy may live to regret their decision, one industry expert has claimed. Gavin Hill-Smith, a spokesperson for the AA, told the Daily Mail

The benefits of accessing the cheapest motor insurance deals could be set to increase next year, as Deloitte says premiums are likely to rise. According to the professional services firm, insurance companies

Households in Britain will spend an average of £5,000 over the coming year, simply paying off the interest on loans, it has been reported. According to the Precious Plastic report, published by professional

A home is being repossessed every 11 and a half minutes in the UK, it has been reported. Latest figures from Credit Action show that the recession is starting to affect more households, with an increase

Many consumers are still as reliant upon credit cards and borrowing money as they have been in the past, it has been claimed. Commenting after the Bank of England reported that lending to consumers increased

British consumers are increasingly entertaining themselves in their homes as they bid to reduce expenditure, it has been claimed. According to Abbey Savings, by cutting back on entertainment costs such

The government has announced plans to tackle 'unfair' credit card practices and charges. According to the Department for Business Innovation and Skills, such charges could be outlawed under new proposals,

Personal loan rates are rising as the banks attempt to shore up the losses they have made over the last two years, it has been claimed. According to journalist and author Jasmine Birtles, the founder of

High levels of personal debt in the UK may be hindering the nation's ability to recover from the global economic downturn, it has been suggested. Commenting after gross domestic product figures for the

British consumers are increasingly attempting to limit their spending by socialising at home rather than going out, it has been reported. Research conducted by Friends Provident indicates that 35 per cent

Edinburgh is an affluent city. It is the home to the Scottish Parliament, the former home of the financial sector of Scotland a place where the wealthy send their offspring to be educated. Although Edinburgh has been hit by the recession and of course, the financial sector was crippled by the banking crisis of 2008-2009, it still remains a place that has pockets of great wealth and affluence. Indeed many people have been largely unaffected by the recession in terms of their quality of life.

The number of calls being made for free debt advice to the Insolvency Helpline has increased, it has been claimed. According to a spokesperson for the service, the number of calls has risen by 30 per cent

London has been hard hit by the recession, with jobs disappearing, businesses being taken over and people are generally finding that life is not as it once was. Sometimes people lose their job very quickly, going into work one day only to find out that their company has gone bankrupt or hearing one week that the company is fine, only for it to go belly up the next week. So it is little wonder that so many people have found themselves in debt.

While the budget deficit is worse in the UK than in other countries, its overall level of debt is smaller, it has been claimed. David Kern, economic advisor at the British Chambers of Commerce BCC, was

More than a fifth of people plan to increase the amount they save during the next six months, it has been reported. The Nationwide Savings Index reported that 21 per cent of consumers intend to put more

The West Midlands has certainly felt the brunt of the recession. For a long time, the economy was dependent on mining, industries, such as pottery and manufacturing as well as car production. Yet the mines have long since closed, the pottery industry has suffered with Wedgwood, Royal Doulton etc being forced into administration and the car industry literally teetering on the edge of complete collapse.