Britons back to borrowing
06/04/2010For every pound saved by Britons at the end of last year, another 62p was borrowed, which could lead to financial problems in the future.
New research from unbiased.co.uk reveals that in 2009, consumers borrowed over £28bn (£28.2bn) of non-mortgage debt. This is in stark contrast with 2008, when nearly £40bn (£39.3bn) of debts were repaid.
There was also a drop in saving levels over the course of last year. Just over £70bn (£71.6bn) was saved in 2009, compared to nearly £115bn (£113.4bn) in 2008.
Unbiased.co.uk's Karen Barrett admits that whilst the recession had a "shock effect" on the public, she appreciated that "there is no indication that we will see an improvement of financial behaviour in 2010."
Debt problems - Household Finance Index
22/03/2011Debt problems could put an even greater pressure on homewoners finances in the coming year, followin ...
Debt problems – energy debt
16/03/2011People in the UK that are currently dealing with debt problems are having their situation made worse ...
Debt problems: advice options
09/03/2011Britons who are having to deal with debt problems at present do have a broad range of outlets when i ...
Debt problems: water meter
01/03/2011Debt problems that cause daily problems for the UK's consumers could be alleviated with the addition ...
