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Lower oil price drives inflation down to just 0.5%

| January 14, 2015

The CPI measure of UK inflation slumped to 0.5% in the year to December, a sharp fall from the 1% November figure reported by the Office for National Statistics (ONS). Inflation now stands at its lowest level for almost fifteen years when it was also at 0.5% back in  in May 2000. The ONS said the major factors for the fall was due to […]

Car Insurance costs considered too high

| January 11, 2015

Premiums for car insurance are too high, the competition watchdog has said. The competition commission’s investigation of the £11bn motor insurance market found it was not working well for motorists . Too many drivers were footing the bill for unnecessary costs that were needed during the claims process for accidents and that this is adding […]

January set to be a financial struggle for many

| January 8, 2015

According to a UK debt charity more than six million people will struggle with their finances in January as a result of too much spending in the run up to Christmas. The Money Advice Trust says it is expecting its National Debtline advice service to get very busy this month, after research suggests one in […]

First time buyer numbers up by 22% in 2014

| January 8, 2015

The latest figures from the Halifax show that in 2014 the number of first time buyers rose to its highest level in seven years. The bank estimated that 326,500 people bought their first property last year the most since 2007 and up by 22% compared with 2013 when just 268,500 homes were purchased. Although the […]

23 million people still shopping on Christmas Eve

| December 23, 2014

Around 23 million people have left some of their festive shopping until the last minute and will be hitting the shops on Christmas Eve, according to latest research from Sainsbury’s Bank Credit Cards. Based on interviews with people regarding their Christmas week spending habits, the Bank estimates that a staggering £832 million could be spent […]

£223m worth of Christmas gifts will be returned this year

| December 23, 2014

According to the latest research, £223m worth of unwanted Christmas gifts are set to be returned this year . As a result comparison site Gocompare.com is urging people to check retailer’s returns policies before heading to the shops, as 45% of Brits who have tried to return gifts in the past said they had been unsuccessful. […]

Card transactions growing at the fastest rate in a decade

| December 22, 2014

Debit and credit card spending reached £47.8 billion in October but the annual growth rate is slowing, according to the latest figures from The UK Cards Association. Card spending grew by 6.5 per cent in the year to October, down from a peak of 7.4 per cent in May this year. Figures show that debit […]

Cash is the safe Christmas gift option

| December 22, 2014

New research from Friends Life suggests that one in three Brits will choose to give money rather than presents this Christmas. The average cash sum will be around £110, although a generous one in twenty will give between £200 and £500, according to the findings from the UK pensions and insurance giant. Over thirty per […]

Concern at credit report inaccuracies

| December 17, 2014

A new report has found that one in three consumers who checked their credit report in the last two years have found errors on their file. The most common mistakes according to the findings from uSwitch included the wrong personal finance products, such as credit cards, listed, the wrong address and even the wrong name […]

Big rise in energy bills on the way as cheap tariffs expire

| December 16, 2014

A leading price comparison website has warned that consumers could see their energy bills jump by up to £145 in the January if they fail to switch to a new tariff. Gocompare research has highlighted that more than a dozen fixed-term energy tariffs – including 10 from some of the UK’s Big Six suppliers expire on 31st December. […]