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....

‘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 ...

Autumn Statement 2013: Rumours and predictions, will you be better or worse off?

Mystery woman with crystal ballThe annual Autumn Statement will be delivered by Chancellor George Osborne on Thursday. Originally seen as a ‘mini budget’, the Autumn Statement has taken on greater significance over the past few years, often including major announcements which affect everyone’s finances. So what does the Chancellor have in store for us? We’ve rounded up the latest rumours and predictions; although only time will tell whether or not they are the same measures Mr Osborne has in mind for Thursday. Income Tax, Personal Allowance to rise? As the cost of ...