Energy costs could spike by 51% this summer, claim

Energy costs could spike by 51% this summer, claim

British energy consumers are being warned their energy bills could rocket by up to 51% this summer if they allow their old fixed tariff to roll over. Online comparison site uSwitch is warning that half a million consumers could be affected as their existing tariff is dropped by energy providers.

Are you maxed out on your credit cards?

Are you in trouble?

Are you one of the 11% of all Brits maxed out on your credit cards? New research by Consumer Intelligence has revealed what they call ‘a worrying number of Brits becoming increasingly dependent on credit.’

‘Window of opportunity’ for energy price cap?

‘Window of opportunity’ for energy price cap?

Britain’s energy industry has been urged ‘to come back with serious suggestions’ on an energy cap after the proposed cap appeared to be ‘watered down’ in the Queen’s Speech. Steve Holliday, vice president of The Energy Institute, said the industry has ‘window of opportunity’ and a chance to take the initiative after the government appeared …

In debt and no bed to sleep in

In debt and no bed to sleep in

Unmanageable debt in Britain has reached such a level that one in 10 clients of a debt charity have no bed to sleep in. Another eight in 10 say their financial situation is so bad it gives them sleepless nights.

Payday loan complaints skyrocket by 227%

Payday loan complaints skyrocket by 227%

Complaints about payday loans have risen sharply again for the second year in a row, despite the industry being subject to strict new regulations. Britain’s Financial Ombudsman Service (FOS) has revealed complaints for the year 2016/17 rose by 227% – from 3,216 to 10,529.

Another credit crunch coming?

Another credit crunch coming?

Experts are becoming increasingly worried about the possibility of another major credit crunch in the UK. Senior executives in the financial industry are concerned that Britain hasn’t changed that much since the dark days of 2008 and the financial chaos that followed.