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17th of October 2010
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News Tag: squeezed

October 12, 2010

Retail sales growth slows in September

by Kay Murchie
There is worrying news for the economy today after the British Retail Consortium (BRC) said retail sales growth eased in September. The BRC said consumers are holding off purchasing big-ticket items as they prepare themselves for massive spending cuts, introduced by the Government to slash the budget deficit. Many reports have suggested economic growth will be hampered as a result of the ...

September 27, 2010

People opt to pay off debts rather than save

by Kay Murchie
According to the latest Markit UK Household Finance Index, people are continuing to pay off their debts rather than top up their savings. This has been the case for some time now as historically low interest rates discourage consumers from saving. Meanwhile, the survey of 1,500 households discovered that around 27% of those questioned saw their household finances deteriorate in ...

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