It’s time to wrestle back control of your finances. Debt Just as we entered the spending season, the Money Charity released figures that show we have passed a landmark in personal debt levels. Collectively, we now owe more than £1.5 trillion on unsecured loans from overdrafts and personal loans to credit cards. Not taking into mortgage debt (another £1.2 trillion, give or take) every adult in the country now owes, on average, in excess of £1,000 more than they did last year.
British shoppers have shrugged off fears that Brexit would hamper consumer spending after fresh figures showed retailers enjoyed the strongest sales growth since January. The upbeat research comes despite fears by the highly-respected KPMG – Ipsos Retail Think Tank that the political uncertainty would lead to a dampening of consumer confidence which would hurt the retail sector’s fortunes. However, fresh figures from the British Retail Consortium reveal that while there was a
Flight bookings to the UK jumped since June, driven by the sharp fall in the pound following the vote to leave the European Union. Overall, there were 4.3% more flights booked to the UK in the 28 days following the vote than last year. Bookings from Hong Kong leapt by 30.1%, while they were up by 9.2% from the US and 5% from Europe. Travel researcher ForwardKeys said Brexit had had an "immediate, positive impact" on tourism to the UK. The organisation, which analyses 14 milli
Whether it’s selling to a customer in France or importing supplies from Italy, Europe plays an instrumental role for many of the UK’s online retailers. The EU is Britain’s largest trading partner, while western European markets account for more than 50% of the export market for online businesses, according to Volo, the community of multichannel sellers. Now online retailers – like many businesses, politicians and the rest of society – are grappling to understand what the deci
If you want to know what happens when a country leaves the European Union, you might as well ask the Inuit. Greenland is the only other country ever to have left the EU - or the European Economic Community (EEC) as it was back in 1985. Residents of Greenland - including the Inuit - appear to have done well out of leaving, but then their only export is fish. So can residents of the UK expect to net similar gains, or are our personal finances destined for the deep freeze? The P