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The Office of Fair Trading recently announced it was abandoning its legal fight against Britain´s banks over unauthorised overdraft charges, after the supreme court ruled in favour of the banks last month.
The Office of Fair Trading (OFT) should make consumer access to credit reports easier and free of charge, according to the Treasury Select Committee. The OFT should also allow individuals to shop around more easily for personal loans according to a report.
Official figures have shown that the UK´s public sector borrowing hit a new high of over £20.3bn
in November
The over-40´s are facing a massive rise in bankruptcies as falling house pr
GDP stands for Gross Domestic Product, and it represents the value of goods and services produced in any one country from all sections of the economy, including agriculture, construction and manufacturing, plus the Government.
Believe it or not, some people have actually done very well out of the recession in the UK, and if interest rates stay down, they could continue to do well for years to come.
By the end of 2009, the UK government´s debt, as a percentage of its overall economic output will hit almost 70%, according to the International Monetary Fund (IMF).