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Friday, 23 May 2008 |
By Abbi Rouse
According to a report published by advisory service provider Saga, debt levels are one of the least commonly discussed areas of personal finance among Britons.
In newly-released statistics, it was shown that just 14 per cent of people openly discuss their personal level of debt - the same proportion who readily talk about stocks and shares investment. The only area in the top ten most discussed financial matters to appear more taboo is the amount people have borrowed through items such as credit cards and personal loans. At the other end of the scale, it was revealed that 60 per cent of Britons are happy to discuss who they bank with, while 38 per cent will divulge whether or not they have a pension. Mortgages were a slightly less popular talking point, with 29 per cent of people said to discuss their deal, while 26 per cent would comment on how much their house is worth.
The report split respondents in to two age strata and revealed that overall, under-50s are more happy to discuss financial matters than older generations, with many people over the age of fifty only discussing such subjects as debt, |
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Last Updated ( Friday, 23 May 2008 )
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Friday, 23 May 2008 |
By Mark Dawson
The base rate of interest has been left unchanged, it has been announced.
In its monthly meeting, the Bank of England's monetary policy committee (MPC) has chosen to keep interest rates at five per cent. The announcement means it is the third time the committee has decided to maintain the rate this year and follows cuts of 0.25 percentage points which were actioned in both April and February.
Following on from the MPC's decision, it is possible that consumers find the pressures which their finances are under does not worsen. And during the current period of economic uncertainty, homeowners may find that their monthly mortgage repayments remain the same. In addition, people could discover that their capacity to manage other monetary demands - such as credit and store cards, personal loans and utility bills - is not put under additional strain.
Commenting on today's decision, Henk Potts, equity strategist for Barclays Stockbrokers, said: "The monetary policy committee is caught between a slow growth rock and a high inflation hard place. UK economic growth is clearly moderating; consensus forecasts are for growth of just 1.6 per cent this year compared to the three per |
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Last Updated ( Friday, 23 May 2008 )
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