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Author Archives: ukonlinepayday
Impact of Consumer Credit Directive on personal finance
The U.K.’s inflation rate rose to 3.7% in December, well above the BOE’s 2% target. Households will end up paying hundreds of pounds more to cover the cost of credit card bills and loans, experts have predicted. Interest rates on … Continue reading
All income groups will be hit hard by Spending Review 2010
The coalition government has outlined £81 billion of spending cuts which will leave every household worse off, whatever their income. Middle-class families are set to lose an around £10,000 per year over the next four years. The other key factors … Continue reading
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Tagged payday loans, spending cuts, Spending Review 2010, UK economy
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Variable Student loan repayments and Cuts in Higher Education Funding
Secretary of State for Business, Vince Cable, said that the Government endorsed the key points from Lord Browne’s recommendations for the future funding of Higher Education. From September 2010, graduates who took loans out after 1998 pay interest rates of … Continue reading
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Tagged higher education, interest rates, Lord Browne report, student loans
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Payday loans rise despite opposition
Latest research from Datamonitor reveals that payday loan volumes are rising and is forecast to reach between £2.7 billion and £3.5 billion by 2014. Workers have been hit by slow down in economy, spending cuts, pay freezes and job losses. … Continue reading
Know your electricity tariff and save on billing
Are you an energy customer who does not understand her electricity bill and would not know if she was overcharged or how to save by switching to a cheaper tariff? A recent survey by Ovo Energy shows that 66 per … Continue reading
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Tagged Clean Energy Cashback scheme, electricity bill, electricity saving, electricity tariff, Feed-in Tariffs, instant payday loan
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Emergency Payday Loans rise as workers hit by pay freeze and inflation
Despite the end of official recession of 2009, workers across U.K. continue to struggle with pay freezes or even pay cuts, after accounting for inflation. According to report by IDS Pay, based on analysis of pay deals between January and … Continue reading
Interest rates held for the 18th consequent month yet banks are exploiting cash strapped customers
The Bank of England has voted to keep interest rates unchanged at 0.5% for the 18th month since it was fixed in March 2009 in a row over concern at the slowing UK economy overriding inflation fears. On the other … Continue reading
Personal Financial Planning for retirement
A surprising high percentage of adults pass their productive years without proper financial planning, reacting to events without taking informed decisions. As a result, few set and realise their financial goals, fail to choose the most appropriate financial products, and … Continue reading
Hold on to your job as unemployment forecast to cross 10% by 2015
British consumer confidence index increased by four points in August to 18, seven points higher than in August 2009. This is the first rise in 6 months and reduces the chances of a double-dip recession. The UK economy grew by … Continue reading
OECD says global recovery slowing more than expected and cautions UK on spending cuts
OECD, told UK on 9 September 2010 that it may need to delay plans to cut Britain’s record budget deficit of £8.7billion, as it warned that the pace of recovery was slowing in developed nations.
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Tagged benefit budget for unemployed, OECD, spending cuts, UK budget, UK economy
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