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12-11-2003: Economic
Recovery or Bust
As the global economy gathers momentum the Bank of England has
another problem, the British consumer. To be accurate, the indebted
British consumer.
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10-11-2003: Water
Bills Set to Mount
Water bills could rise by 30% from 2005 as water companies increase
spending to meet continued regulatory requirements, and even bigger
increase could be on the way.
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07-11-2003: Personal
Bankruptcies Hit Decade High
Provisional figures released today reveal 9,094 people in England and
Wales were declared insolvent between July and September, the highest
quarterly count for more than a decade.
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06-11-2003: Warning
Shot Across the Bows
The first rise in Base Rates since 10th February 2000 is no more than
a warning shot across the bows of the British consumer and is a
signal that rates can rise and will rise if need be.
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01-11-2003: Plea
for Debt Advice Funding
Consumer minister Gerry Sutcliffe has asked lenders to put their
hands in their pockets so that more free debt advice can be offered.
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31-10-2003: House
Prices Jump ... and so do the Chances of a Rate Rise
House prices rose by 2% in October taking the year-on-year to 16.1%
and the average house price to £131,947, according to figures
released by the Nationwide Building Society.
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30-10-2003: More
Choice for Energy Debtors
Energy companies vote to allow many customers on prepayment meters
who are in debt to switch suppliers.
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29-10-2003: Mortgage
Borrowing Soars as Rate Rise Looms
As new mortgage lending hits a record £16.9bn, the Bank of
England looks set to increase interest rates for the first time in
nearly four years.
