The average UK credit card APR has increased significantly since early 2023 as part of the BoE's broader interest-hike campaign to curb inflation. This has weighed on household budgets as more outstanding debt balances slip into delinquencies.
Clayman notes that sometimes budgeting is less about the consumer's financial situation and more about anticipating that life will be different now.
A recent survey reveals that nearly a quarter of Disney park visitors incur debt from their trips, prompting families to seek more affordable theme park alternatives.
Sora Lee increased her income by ten times in just over a decade. Still, payments on debts and lack of control over discretionary expenses are becoming a drag on her monthly budget.
A couple transformed a shuttle bus into a mobile home, allowing them to travel the country while enjoying the comforts of a self-sustained lifestyle.
The couple wants to provide the best education for their kids and build their dream house, but debts, high fixed costs, and poor habits are making it impossible to achieve.
Shah's budget tracker helps you manage money better on payday with minimal effort so that you control cash flow, reduce fun expenses, and save for the future.
Europe's largest local authority confirmed it had issued the declaration that it cannot balance its books without government intervention.
Prime Minister Rishi Sunak has appointed a new business council that brings the chief executives of major companies into the heart of government to help boost the British economy.
A recent survey reveals that the UK workforce is divided over Jeremy Hunt's Budget announcements, with the CEO of CV-Library stating that "personal finances remain the key driver for the overwhelming majority".
Jobseekers remain optimistic about their job security and career progression prospects, according to the Robert Half Jobs Confidence Index.
Businesses are "on their knees" thanks to energy prices, inflation and the wage crisis, according to Michael Queenan, co-founder and CEO of Nephos Technologies.
A "green economy" and net zero emissions target should be key priorities in next week's Spring Budget announcement, says environmental expert Laura Hoy.
It has been held every year since 1978, and on March 5 specifically for the past two decades, but this year it has been rescheduled to May 22.
Finance minister Rishi Sunak will present the budget in parliament around 1230 GMT.
In Britain, Sajid Javid's resignation sent London's benchmark FTSE 100 index down.
The EU's poorer members, also agreed to fight any move to cut the EU Cohesion Fund reserved for the bloc's weaker economies.
The chancellor said in his Budget speech to parliament that Britain is now "the world's sixth-largest economy".
Policymakers must stop pretending they can fix broken markets with more and more regulation.
Think tank says Philip Hammond's decision to cut stamp duty is a 'very poor way to boost home ownership'.
After Chancellor Philip Hammond announced that stamp duty will be abolished for most first-time buyers, young people reacted with mixed feelings.
Chancellor Philip Hammond downgrades economic forecasts and unveils appealing policy morsels.
