Savings: Where can you find the best Cash ISA rates? We analyse the market

iStock_000006918404XSmallSavers have had their hopes raised and then dashed over the past few weeks, and as usual will need to work hard to find the best interest rates as we come up to the traditional ‘ISA’ season. Despite the ‘forward guidance’ issued by the Bank of England last year, that they would consider increasing interest rates when the rate of unemployment hit 7%, any early rise in interest rates now seems unlikely....

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 ...

Born in the 60‘s or 70’s? Expect to be worse off that your parents when you retire

old  rotary telephoneA new report has shown that the generation of people born in the 1960s and 1970s will be worse off than their parents when they retire; the first time this has happened since the Second World War. The report, from the Institute for Fiscal Studies, compared the standard of retirement people born in the 60s and 70s are likely to have compared to that of older generations. For a country used ...

Cost of raising a child hits £150,000

iStock_000005361710_ExtraSmallRecent research conducted by the Child Poverty Action Group (CPAG), has revealed some families could face financial hardship, as the cost of raising a child, to the age of 18, has hit £150,000. The report reveals:   It now costs £148,000 to raise a child to the age of 18 The cost of raising a child has risen by 4% The value of both child benefit and tax credit fell in real terms last year Families with children are at higher risk of falling into poverty, than those ...