A growing number of people aged 50 or over are taking out student loans to pay for university degrees, according to the Student Loans Company.
This is despite a relatively low average retirement income, meaning careful financial management is required by those choosing to add to their education.
Even people in their 70s and 80s are turning […]
The minimum wage in the UK should vary by location, according to a new report from a commission studying how best to boost Britain’s economy.
According to the RSA City Growth Commission, economic conditions in different areas should be considered when calculating a reasonable minimum wage.
The commission wants to see minimum wages decided at a ‘metro’ […]
The British economy has returned to pre-recession strength earlier than was anticipated, suggesting it may not have been as bad as first feared.
New data from the Office for National Statistics, using new rules which come into force later this year, show an improvement of more than 1% on previous estimates.
Instead of shrinking by 5.2%, the […]
Helping teenagers to manage their money is not always the easiest process, but there is something that can provide assistance.
A prepaid card works in a similar way to a debit or credit card, although only money on it can be spent as there is not a credit facility.
To get a credit card you also need […]
Card fraud has existed since the products first entered the market, but the way scammers attempt to gain information is changing.
While traditional credit and debit cards were also deemed easy targets for scammers, now another type of card is entering the fray.
People without bank accounts and in need of somewhere to store money are turning […]
Energy spending in the majority of households is a lot higher in the winter than in the summer, but there are still plenty of ways to cut energy bills even further.
It’s also possible to go greener, meaning people can do their bit for the environment at the same time, all with the help of these […]
The rate of inflation dropped to a four-and-a-half year low of 1.5% in May, down 0.3% from the previous month, according to the latest data.
It marks the sixth consecutive month that the Consumer Price Index registered a rate below the Bank of England’s 2% target.
The Office for National Statistics data shows that declining food and […]
From the end of 2014, customers will be able to switch energy suppliers in just three days following a two-week cooling off period.
It means customers will have a greater degree of control when deciding upon which gas and electricity suppliers to use as the time taken to switch will be halved.
Currently, it takes five weeks […]
The economic recovery is in full swing and the UK finally passed the pre-recession peak reached in January 2008 this week.
The National Institute of Economic and Social Research produced the estimates which highlight the growing confidence surrounding the UK economy.
According to the NIESR forecast, the economy grew by 0.9% in the three months ending in […]
A new report suggests that cyber attacks are costing the global economy more than £328bn every year – worth more than the wealth of some countries.
It puts the crime on a level par with illegal drugs and piracy as far as damage to the economy is concerned, according to the McAfee report.
The online security firm […]