Surprise fall of inflation to 0.9%

Surprise fall of inflation to 0.9%

The UK’s inflation rate has surprised experts by falling in October. Experts were expecting a modest increase in inflation which has been following an upward trend recently. The surprising news comes amid widespread warnings that the UK is heading for a major jump in...
Children’s mental health affected by debt

Children’s mental health affected by debt

Children are at a greater risk of poor metal health in households in debt. A recent study conducted by The Children’s Society estimates that there are 2.4 million children living in households with debt problems in England and Wales. There were a wide range of effects...
Credit Card spending grows at fastest pace since 2008!

Credit Card spending grows at fastest pace since 2008!

The Bank of England has stated that families used credit cards more last month than at anytime since the 2008 financial crash. Although we are barely in the lead up to Christmas, it is believed that families have already been taking advantage of low interest rates to...
Household debt rises above £1.5 trillion in the UK

Household debt rises above £1.5 trillion in the UK

The current average that each UK adults now owes is £30,000 , mostly in mortgages but also in loans and credit cards. The Bank of England’s figures show that total household debt is now above £1.5 trillion. That is a £50 billion increase from last year. There is...