11.6 million ‘struggling financially’

11 December 2008
A quarter of the adult population – over 11 million people – are in financial trouble, according to a new survey carried out for insurance company Axa.... read more »

People ‘should save four months’ salary to avoid debt’

3 February 2009
A new report from Nationwide Building Society has encouraged consumers to ensure they have the equivalent of four months’ salary saved up to protect themselves in the event of unemployment.... read more »

Nationwide: quarter of UK ‘not saving at all’

13 February 2009
New statistics from Nationwide Building Society, issued on February 10th, have shown that almost a quarter (23%) of UK consumers were not saving any of their income.... read more »

Low inflation encourages saving

23 February 2009
After the recent spate of base rate cuts – and the related falls in savings rates – some consumers may be relieved to see inflation dropping to a level we’ve not seen in almost 50 years.... read more »

Savers ‘abandoning ISAs’

2 March 2009
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 along with the Bank of England’s base rate.... read more »

Cut to the bank rate would be `bad news`

4 March 2009
Any further reduction in the Bank of England`s bank rate (also known as the base rate) would be `bad news for almost everyone connected to the savings and mortgage markets`, the Building Societies Association (BSA) has stated, looking to the decision which will be announced tomorrow.... read more »

Loans: how the base rate affects availability

11 March 2009
Anyone looking for a loan may have been pleased to see the raft of base rate cuts announced since October, hoping they’ll help reduce the cost – and increase the availability – of loans. But how likely is that? ... read more »

Savers `saving 25% less each month`

12 March 2009
New research has suggested that the average amount put away by savers each month has fallen by almost 25% compared with this time last year.... read more »

Quantitative easing `dangerous for pensions`

17 March 2009
An expert economist has warned that quantitative easing could have negative implications for pension savers across the UK, londonstockexchange.com reports.... read more »

Consumers `need to build up savings to protect themselves`

19 March 2009
Despite the current low interest rates in the UK, it is important for consumers to build up savings in order to protect themselves, it has been suggested.... read more »

CML: Government policies hurt mortgage lending

25 March 2009
The Council of Mortgage Lenders (CML) has suggested that the Bank of England`s recent base rate cuts have reduced the funds required by lenders for loans and mortgages. ... read more »

Debt repayment levels `highest since records began`

1 April 2009
New figures from the Bank of England have shown the biggest net repayment of consumer debts since records began in 1993.... read more »

Savings figures drop as people look to repay debt

15 June 2009
A recent press release from the Building Societies Association (BSA) shows that `savings balances held by building societies grew by £80 million in April 2009, compared to £2,918 million in April last year`.... read more »

Savings at `record high`

2 July 2009
According to National Savings & Investments (NS&I), Britons are saving more money than they have done at any time in the past five years.... read more »

Households paying off debt rather than saving

2 July 2009
New savings and mortgage figures from the Building Societies Association (BSA) have suggested that households are looking to repay debts rather than save.... read more »

More people saving

27 July 2009
The number of people saving regularly or occasionally increased in June, compared with May`s figures, according to the latest Nationwide Savings Index release.... read more »

Workers `neglecting pension savings`

5 August 2009
More than one in ten workers (16%) who have a pension say they have reduced the amount they save or have stopped saving altogether, according to new research.... read more »

Savings confidence high as debt fears ease

24 August 2009
Nationwide`s latest Future Savings Index has shown the highest level of confidence amongst consumers since the survey began in June 2008, perhaps suggesting that people are becoming less concerned about meeting their debt repayments and other financial commitments.... read more »

Britons looking after finances and avoiding debt

25 August 2009
According to a study by the Government-backed savings provider NS&I, 63% of Britons are being more active about looking after their money as a result of the recession, myfinances.co.uk reports.... read more »

Debt in Australia: household finances improving

21 September 2009
According to research by the Melbourne Institute, Australian households` finances are much better now than they were three months ago, news.com.au reports.... read more »