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How to regain control of your debts

For people struggling with unmanageable debt, one of the worst parts can be the feeling of loss of control. read more »
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'Pro Debt' view of politicians contributed to recession

The chief executive of the FSA (Financial Services Authority), Hector Sants, has criticised the Government`s actions in recent years. read more »
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Recession has compounded debt problems

Debt problems among UK consumers have been made worse by the ongoing recession, it has been claimed. read more »
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Virgin plans return to mortgage/banking market

Virgin group is preparing for a return to the mortgage market and wants to obtain a licence to become a High Street bank, billionaire founder Sir Ric[...] read more »
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UK: Cheaper mortgages for people with deposits

Monthly mortgage payments for newly bought properties have plummeted in the past year - but only for people who can lay down enough of a deposit. read more »
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40% struggle to pay their bills

40% of people are struggling to pay their households bills, charity Age Concern has claimed, while warning people not to cut back on essential spendi[...] read more »
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UK: Base rate drops to 0.5%

The Bank of England`s Monetary Policy Committee (MPC) announced it was lowering the base rate (also known as bank rate) to 0.5% - a further drop of 0[...] read more »
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Financial `age of innocence` over by seven

Today’s children have more money and are making financial decisions earlier than their parents’ generation, claims a report from pfeg (Personal Finan[...] read more »
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UK: Savers abandoning ISAs

Low interest rates might be good news for some mortgage holders, but people with bank accounts have had to watch the returns on their savings drop al[...] read more »
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UK: Bank interest rates at record low

Interest rates on the most common types of savings account have fallen to their lowest levels on record, according to the Bank of England. read more »
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UK: Savings Still Important, Despite Base Rate Cuts

Response to new figures from the Bank of England showing that the most common types of savings accounts now offer the lowest rates on record. read more »
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Japanese finance minister resigns but denies he was drunk at G7 conference

Mr Nakagawa said that he had no option but to step down immediately after seeing the anger his behaviour had caused in parliament. His resignation is another blow to the already shaky government of Prime Minister Taro Aso. read more »
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Consumers financial wellbeing at all-time low

A 12-year study has found that consumers are facing the worst financial conditions since the study began. read more »
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UK: Cost of fixed-rate mortgages ‘could be set to rise’

The cost of new fixed-rate mortgages may have fallen as far as it’s going to, experts have stated.
According to The Times, the downward trend in fixed-rate mortgages may have come to an end, and may even reverse in the reasonably near future. read more »
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UK Charity calls for changes to savings and pension rules

Age Concern has called for the Government to change the rules concerning savings and pension payments.
Currently, as the BBC reports, a pensioner will lose £1 per week from their pension credit for every £500 of savings they have over £6,000. read more »
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