Saving rather than borrowing has been the “major victim” of the credit crunch, according to new research published this week.
The study by unbiased.co.uk found that savings levels dropped from £38.7 billion between April and June 2008 to £19.9 billion between July and September 2008 and haven’t recovered since.
In the first three months of 2010 savers [...]
More and more Brits are converting their garages into living space and evicting their cars onto the driveway, according to new research published this week.
The study by Santander found one in ten garage owners have converted or plan to convert their garage.
Only a third (34%) of garage owners now use their garage to store their [...]
Travel agents are selling rip-off travel insurance policies to British holidaymakers, Which? has claimed.
An undercover investigation by the consumer advice group found travel agents selling policies worth just £20 for up to £80.99.
Over half of the travel agents visited (17 out of 29) failed to provide basic details of the insurance policies they sold.
Six travel [...]
Nearly a third of couples remain financially single despite living together, new research has found.
A study by Tesco Bank found 29% of couples in the UK are unwilling to pool their earnings into a joint account.
The research also found that it takes an average of two years before couples are happy to share their finances.
Of [...]
Social enterprises are underfunded because they lack access to capital, according to a new report launched this week in Australia.
The Financing Social Enterprise report, researched by Foresters Community Finance, said social enterprises are often unable to access finance from mainstream lending institutions.
“The greatest challenge for emerging social businesses is their lack of access to capital [...]
Brits are stretching their budgets by more than £40 billion a year, according to new research.
A study by GE Home Money on behalf of Moneybasics.co.uk found that 77% of adults have set themselves a monthly spending limit.
Of these, 60% confessed going over budget every month, with an average over-spend of £154.
One in twelve confessed to [...]