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New European rules will be going into force in the UK as of 1 February, which are expected to result in an increase in the number of borrowers being charged higher rates of interest than those advertised.

Both new and current borrowers are seeing higher interest rates on mortgages as of 1 June 2010.

There has now been no change to UK interest rates for two years, even though inflation is currently twice the Bank's target rate.

The Policy Exchange has put out a warning that interest rates could need to increase to 8% in an effort to combat mass inflation. The think tank speculates that a wave of money could be unleashed as a result of the economic recovery.

As if many people were not already facing enough financial challenges, interest rates on credit cards are on the rise.

According to experts, the average UK household will have to spend a full 15% of their net income just to cover the interest payments on their personal debt.

As taxes escalate, there will be a squeeze on household budgets in the next ten years or so.

Without government action addressing the chronic amount of under supplying homes, it is a possibility the housing market will plummet into a deep crisis.

According to the IMF, higher prices for oil, economic turmoil in the eurozone, impact of spending cuts, and plummeting prices could throw the economy off course.

New data shows that UK Consumer Prices Index inflation remained unchanged in May, holding steady at 4.5%.

A study by the Institute for Fiscal Studies and the BBC shows that pensioners and the poorest families are among those hit the hardest by the recession.

The Council of Mortgage Lenders (CML) warns that home repossessions will likely rise again in 2012.

HMV, the DVD and music retailer, recently sold the Waterstone’s book chain to a fund controlled by Alexander Mamut – a Russian billionaire who owns 6% of HMV.

A Halifax poll, which included 4,000 non-homeowners as the respondents, shows that two-thirds of young adults who do not own a home believe they will not be able to get on the property ladder.

A recent survey shows that UK manufacturing growth is slowing, with April growth at the weakest in seven months.

According to an economic think tank, UK retailers could be facing many years of poor sales growth

Will inflation rates ever come down again? In January, the UK Consumer Prices Index stood at 4%; today it stands at 4.4%.

Winter fuel payments for older people are due to fall this year.

In November 2010, the Office for Budget Responsibility reported that they expect 330,000 job losses among public sector workers in the coming four years

A recent report shows that banks in the UK are receiving tens of billions of pounds through hidden subsidies from customers and taxpayers – in addition to receiving support directly from the state.

In January 2011, the UK's Consumer Prices Index (CPI) rose by 4%.

Fixed rate mortgage prices have become much more expensive recently because of a rise in the swap rate.

Figures show that 2010 saw UK mortgage lending fall to the lowest level in nine years.

Halifax, a lender in the Lloyds Banking Group, reports that house prices in the UK continue to fall, with December seeing a drop of 1.3% from November prices.

A recent report notes that the Bank of England gave a boost to many UK households when the base rate was cut to 0.5%, a record low.

Figures showing August mortgage activity have been released and show that lending was down 5% from July and down 3% from August 2009 in regards to loans granted to first-time homebuyers.

According to the BBC, seniors over the age of 60 will be the group most affected by changes in how low income households to receive assistance for mortgage costs.

My Home Finance is a pilot scheme testing a new lending option for financially marginalized groups.

the month of July, first-time home buyers found their share of the mortgage market at the lowest level seen in three years.

In August, property values dropped for the second month in a row, prompting surveyors to come forth with their expectations that house prices will continue to fall.

A study conducted by Consumer Focus shows that 1.2 million UK residents are taking out at least one payday loan each year, for a total of £1.2 billion borrowed in this manner.

A survey conducted by Schroders shows that nearly a third of the adults in the UK took money out of their savings over this past year to make up for income shortfalls.

A study conducted by Consumer Focus shows that 1.2 million UK residents are taking out at least one payday loan each year, for a total of £1.2 billion borrowed in this manner.

First-time property buyers are finding it more difficult to get on the property ladder, due to the hardship of raising the funds needed for the huge deposits required.

According to the financial information service, Moneyfacts, rates on authorised overdrafts are now the highest they have been in the last decade.

In an effort to boost public finances, a new tax rate has been levied for top earners and will go into effect at the beginning of the new financial year.

2010 has not started out well for public finances. In January, the government borrowed an additional £4.3 billion, bringing the total to the highest since record keeping began in 1993.

Bad debts have reached significant, historic highs and average borrowing has increased 5% per credit card, surpassing £1,000 for the first time ever.

There is more rough news for the job market in the UK, as Jaguar announced that it is axing 300 jobs from its Halewood plant on Merseyside. With more people set to lose their jobs, sell and rent back options rapidly gaining in popularity.