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All articles by Abbi Rouse -
Britons are paying back a record amount of debt, according to a new
study.
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As thousands of Britons put their homes up for sale the price
growth in the property market has started to slow down. The huge
number of homes that came onto the market saw the house prices in
June raise only by 0.8 percent.
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A responsible lending policy should be adopted by all lenders, not
just the banking sector, according to an industry expert.
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The Financial Services Authority (FSA) are making a welcome
proposal that personal finance becomes a mandatory part of school
education.
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Last month's interest rate rise is beginning to affect consumer
confidence, it has been revealed.
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Despite recent reports of a fall in borrowing Britons are still set
to experience debt problems, an industry expert has warned.
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