What Does Record-High Business Confidence Mean for the UK Economy?
In a significant boost to the UK economy, optimism among British…
Inflation and Weather Woes: Why UK Consumers Are Cutting Back on Spending
Recent data from the British Retail Consortium (BRC) highlights a trend…
UK Consumers Tighten Purse Strings as Credit Borrowing Declines
Recent data from the Bank of England indicates a slight decline…
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Sharp Decline in Consumer Credit Borrowing Reflects Growing Economic Caution
In a significant shift, the Bank of England’s latest Money and Credit data for April 2024 reveals that net consumer…
Cost of Living Pressures Alter Family Planning and Financial Stability
A new report from Royal London reveals that surging costs in housing, energy, food, and childcare since February 2023 have…
Shift in Perception: One in Three Young People See Credit Cards as Debt Risks
A new study by Uswitch reveals a significant shift in how young people in the UK view credit cards, with…
Gas and Electricity Bills Set to Decrease by a Sixth in 2024, Easing Some Financial Strains
As we approach the middle of 2024, UK households are poised to experience a significant decrease in their energy bills,…
Money Statistics: May 2024
As we delve into The Money Charity’s latest financial statistics for May 2024, we gain an insight into the current…
Consumer Confidence Rise in May Despite Economic Challenges
In a promising shift, the GfK Consumer Confidence Index for May has recorded a notable rise, achieving its highest level…
FCA Sharpens Focus on Consumer Duty Compliance Amid Rising Credit Use for Essentials
As financial pressures mount for many UK households, the Financial Conduct Authority (FCA) is intensifying its oversight of banks and…
UK Energy Price Cap to Drop by £122, Offering Temporary Relief Amid Ongoing Financial Strains
Ofgem, the UK’s energy regulator, has announced a welcome reduction in the energy price cap, set to decrease by 7%…
Rise in Personal Insolvencies Points to Lingering Financial Strains
The latest figures released by the Insolvency Service for England & Wales highlight a concerning uptick in personal insolvencies, with…
Common Credit Card Errors: Insights from Eight in Ten Users
According to a recent study by Compare the Market, a staggering eight out of ten credit card users admit to…