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Credit cards, personal loans, mortgages and other forms of
personal credit are an everyday part of financial life for all UK
consumers. Looking at the figures for UK personal debt shows that
Britain appears to be addicted to borrowing money and still
continues obtaining more from the financial institutions. By the
end of 2005 the UK personal debt levels stood at a record £1,148,
with 83% of this debt consisting of secured mortgage loans. Due to
the
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The Commons Trade and Industry committee has stated that the
recent rises in UK gas prices has lead to increased suffering by
many of the most exposed groups such as the elderly and,
"non-elderly vulnerable groups, particularly disabled people, whose
difficulties in relation to fuel poverty have been known for a long
time".
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The Commons Trade and Industry committee has stated that the
recent rises in UK gas prices has lead to increased suffering by
many of the most exposed groups such as the elderly and,
"non-elderly vulnerable groups, particularly disabled people, whose
difficulties in relation to fuel poverty have been known for a long
time".
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Following the increase in UK terrorist activities and the
catastrophe that has hit New Orleans, it seems we are all going to
have to foot the bill. The total cost of the catastrophe is
currently predicted to top $25 billion (£13.6bn), however many
analysts predict that the full costs could rise much higher even
doubling to $50bn (£27.2bn), although with attempts to reduce the
flood waters expected to take several months, it will be some time
before
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We have just had the first year's anniversary of the flash
flooding which occurred at Boscastle in Cornwall. The floods saw
some of the worst damage wrought by sudden rainfall in the UK for
many years.
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Recent statements by the City of London Police Commissioner
James Hart that future terrorist attacks in London's financial
centre are, "a matter of when, rather than if", will increase
already serious concerns over issues of personal and business
financial protection.
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Following on from the tube train and bus bomb attacks in London
there was a move from several UK insurance companies to reassure
victims that claims would be processed "quickly and
sympathetically". This need for reassurance came in light of
concerns that many victims of the blasts would not be covered by
their existing health and life insurance cover. This would mean
that families of the bombing victims could not only lose a
relative, but also suffer
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Debt levels are at an all time high in the UK. The younger
generation tend to be feeling the pinch the most, but parents are
increasingly being required to bail them out, often at great
expense to their own limited mortgage or retirement savings.
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Buying a house in the current housing market is tough. Becoming
a first-time house buyer is very tough. Recent research by the
Chartered Institute of Housing Cymru (CIH) ( http://www.cih.org/ ) has
show just how difficult it has become for people in Wales aged
20-39 to get a foothold on the housing ladder, as the gap between
house prices and wages increases.
