Savings: How much do you save each month? How do you compare? We reveal the answers

Savings: How much do you save each month? How do you compare? We reveal the answersA new survey has revealed how savings habits have changed over the past decade. The latest National Savings & Investments (NS&I) Quarterly Savings Survey, which is now 10 years old, reveals how little the average Brit is saving: 10 years ago the average person in Britain saved £82 per month This has now risen to ...

Savings: Unexpected fall in unemployment sparks interest rate speculation

Savers suffer as savings accounts are withdrawn_istockphotoA larger than expected fall in the rate of unemployment, has led to speculation that interest rates could start to rise sooner than previously expected. The Office for National Statistics (ONS), announced this morning that unemployment dropped sharply by 167,000 in the three months to November. The number of people out of work now stands at 2.32 million, equivalent to 7.1% of the UK’s population....

Thousands getting into debt to meet housing costs

iStock_000007329749XSmallNew research has shown that thousands of people are taking out loans to help them keep up with their rent or mortgage payments, whilst many more are burying their head in the sand over late payments. Research from the housing charity Shelter, has found that nearly 20% of mortgage holders and tenants have had to take borrow money to keep up to date. Furthermore around 10% of people are concerned they will not be able to pay their mortgage or rent at the ...

‘Cauldron of debt’ makes buying a house unaffordable for many

‘Cauldron of debt’ makes buying a house unaffordable for many New research has shown just how unattainable buying a home has become for many people and that the situation is getting worse. The Government has produced a range of initiatives, such as the Funding for Lending and Help to Buy schemes, to help people get onto the housing ladder, or move home. Whilst these schemes have certainly helped to keep interest rates low and stimulate mortgage activity, critics believe ...