New data reveals the effect of Christmas on people’s finances, with 68 per cent unable to comfortably afford the festive season and nearly a third turning to credit to help fund Christmas shopping.
The Church Commissioners for England confirmed their non-participation in a potential buy-out of the UK loan book having concluded that they are not as well placed as others to take this forward.
Londoners are more likely to be struggling with debt than the rest of the UK despite average higher incomes according to a new reportfrom the debt charity Stepchange.
The Financial Conduct Authority have published their ''Assessing creditworthiness in consumer credit' policy statement. It coincides with the Bank of England revealing the amount of credit held by UK households increased by £3.7 billion in June and the rate of credit card lending has risen by 11 per cent in the last three months.