Last month’s Office of National Statistics (ONS) release shows that the UK’s productivity malaise continues unabated and shows no sign of coming to an end. This sustained stagnation follows from the Financial Crisis and contrasts with patterns following previous UK economic downturns, when productivity initially fell, but subsequently recovered to the previous rate of growth…

A third of loan searches carried out through Experian’s comparison services are for debt consolidation loans, new analysis has revealed. These type of loans can help consumers with outstanding debts from various lenders to roll their monthly payments into one to reduce their costs and to take more control over their finances. On average, shoppers…

The Money Shop has announced that it has stopped giving high-cost short-term loans to new or existing customers. The Money Shop, part of the Dollar Financial group, who also own the  Payday UK and Payday Express brand which both stopped lending last year. The business is now believed to be focused on travel money, pawn-broking and gold…

In the same month that the Bank of England base rate has risen to 0.75% – the highest level since 2009, debt growth has fallen to its lowest level in over a year. According to the August 2018 Money Statistics, produced by The Money Charity, debt growth per adult slowed to £900.74 in the year…