Car Insurers Debate Over Future Profits

UK car insurers have been running an unprofitable business for 14 years. Independent market analysts, Datamonitor, say 2009 looks to be a profitable year despite the doubts

March 13, 2008

Budget Report Expectations

Chancellor Darling's Budget Report is expected to raise taxes on alcohol, fuel emissions, flights and many other issues concerning the economy. Tax burdens expected to increase on poorer families

March 12, 2008

Card Fraud Rises Again

Card fraud has increased over past year. Whilst chip and PIN technology has been successful in the UK, criminal activity overseas has increased 77 per cent

March 12, 2008

Tax Cuts Needed To Restore Confidence

Appeals for corporate tax cuts are submitted to the Treasury as it prepares its Budget report this Wednesday. Business and banking sectors are worried about the direction of the UK economy

March 10, 2008

First Time Buyers Take Hit From Stamp Duty

Stamp duty tax has not kept up with the rate of increase in house price inflation over the past decade. Yet another hurdle first-time buyers must leap over to get on the property ladder

March 10, 2008

Read all Finance News

Lonliness One Reason For Debt Problems

PARSHIP.co.uk, the scientific online dating service, states in their recent survey that loneliness is the biggest cause of stress and debt for singles.

Dr Victoria Lukats, psychiatrist and PARSHIP.co.uk’s relationship and dating expert said:

'People are more likely to associate stress and its symptoms with debt and work pressures. However, the figures speak for themselves. Whilst many people see being single as a positive choice statistics show that the majority – 60% of UK singles - would prefer to be in a relationship and are looking for that special person to share their life with.'

She added: Scientific studies have shown that married men live longer than their single counterparts. This may be in part due to lower stress levels and the comfort that being in a long-term relationship can bring. In addition, people who have sex at least twice a week have also been shown to live longer, once again highlighting the benefits of being in a relationship.'

'Unfortunately it’s more headline-grabbing to say ‘£1 billion worth of debt is causing misery for thousands’ when in fact loneliness is causing misery for six million singles,' commented Lukats.

Statistics show that 25 per cent of the UK population shops to relieve stress, according to reports from Retail Trust. Younger consumers lead this demographic group, with 18 to 24-year-olds found to have the highest propensity to retail therapy.

The financial community is slow to research alternative and underlying reasons for the UK’s debt mountain. The government and the Bank of England are striving to grasp the reasons for the debt problem and reduce future debt to regain control over the inflation rate.

Published on September 19, 2007

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Lending Falls Again Says CML

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10 Tips To Improve Your Credit

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March 7, 2008

Interest Rates Kept At 5.25%

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March 7, 2008

20 Per Cent Of Homeowners Fear Repayments

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