Bank of England’s Ramsden Hints Interest Rate Hike In August

Bank of England’s Ramsden Hints Interest Rate Hike In August

According to the Bank of England (BOE) deputy governor, the UK economy stands to emerge from economic slowdown as wage pressures increase. The chances of a rate hike in August are high after a cautious policy setter at the BOE… Continue Reading

FCA Warning: Senseless Housing Policy Fueling High-cost Credit Rip-off

FCA Warning: Senseless Housing Policy Fueling High-cost Credit Rip-off

FCA boss Andrew Bailey has called out ministers for “forcing” tenants to take costly loans. According to Bailey, the social housing policy offering tenants unfurnished council homes has pushed many Brits to take high-cost loans. Bailey doesn’t see sense in… Continue Reading

Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

UK Ministers have pumped £800,000 into efforts aimed at cracking down on illegal loan sharks out to exploit the most vulnerable borrowers. Rogue lenders capitalising on desperate borrowers are going to face a fresh stringent crackdown. £100,000 of the money… Continue Reading

No. of UK Pensioners Seeking Payday Loans Has Risen by 200% in 2 Years

No. of UK Pensioners Seeking Payday Loans Has Risen by 200% in 2 Years

According to the latest statistics from payday loan company CashLady, 1.4 million Britons have joined the poorest 10% in Britain. The new shocking figures indicate a 95.2% increase (since 2015) in the number of Britons aged 65 years and above… Continue Reading