On 1 April 2010, a Bank of England’s report said that personal loans and overdrafts will only be available to ‘better quality’ borrowers in the next three months, according to a survey of lenders.
Tighter credit scoring for non-credit card unsecured lending, already seen this year, will continue although the availability of mortgages will remain steady, [...]
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On 8 April 2010, the Society of Motor Manufacturers and Traders Limited (SMMT) published the latest new car sales figures, which showed that the new car market was up 26.6 percent in March.
Key findings
in March 2010, 397,383 new cars were registered, a 26.6 percent rise on March 2009;
the positive influence of scrappage continued in March, [...]
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On 20 April 2010, a new report by shopping comparison website PriceRunner found that shoppers are being hit by a high street tax, paying up to 70 percent more for goods bought in store rather than online. It suggested shoppers are paying hundreds of pounds more for the privilege of shopping in store.
The average cost [...]
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On 21 April 2010, it was reported that new figures showed that Britain’s savings crisis reached a new low following a cut in investment rates and a rise in the cost of living. Financial experts warned it is now the worst time to save following a drop in savings rates during the last six months [...]
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