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Between the months of July and August almost 40% of homeowners witnessed their finances deteriorate according to a study under 1,500 adults.

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

According to the Institute for Fiscal Studies (IFS), a prominent economic research group, approximately 750,000 additional UK residents are poised to pay higher tax rates in April.

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.

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.

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

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.

Homeowners are seeing mortgage rates rise despite the Bank of England’s base rate remaining stuck at rock bottom. 

For many consumers, obtaining mortgages with higher percentage rates is next to impossible, especially at the lower rates advertised.

Since 1991, the amount of consumers actively saving in corporate pension schemes within the UK's private sector has been halved.

During the months of June, July, and August, the UK economy has decreased it's growth rate by 0.2%, while expanding 0.6% between the months of May, June, and July.

Along with the UK government target inflation rates rising in July, due to the increase of financial service fees and higher prices for clothing.

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

It seems like online identity theft and online credit card fraud is rising at an alarming rate.

If you're in Scotland, Wales, or Northern Ireland, feel grateful – MSPs have scrapped your prescription charges.

According to a survey carried out by Vocalink, private sector pay at UK listed companies has risen at the slowest rate on record.

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

Relying on your savings to supplement your income puts you at risk of greater pain from the rising rate of inflation.

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

Figures show that bankruptcies among men are on the rise at a higher rate than those among women; however, men seek help with their debts less often.

In an unexpected turn of events, the UK saw the Consumer Prices Index inflation rate rise 0.1% to reach 3.2% in October.

Those facing financial difficulties often turn to debt management companies in a desperate attempt to seek help in determining how best to handle their debt.

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.

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

The National Insurance Contributions Bill, as included in the Queen’s Speech, is scheduled to increase national insurance contribution rates as of April 2011.

New tax rules regarding Capital Gains Tax will hit higher rate tax payers particularly hard.

The rate of unemployment in the UK continues to rise, with 2.47 million UK residents unemployed as of April.

During the first three months of 2010, unemployment in the UK increased by 53,000; bringing the total to 2.51 million.

The latest job stats show that the rate of unemployment is still on the rise, as well as the number of people who are registered as economically inactive.

Official figures show a significant increase in UK inflation in March 2010. In the previous month, the rate of inflation was at 3%, sharply rising to 3.4% in March.

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

Unemployment levels for 16 to 24- year-olds are now record high after rising to over 1 million this October.

Unemployment has risen in almost all parts of the UK. This October the number of people being out of work has risen to over 1.6 million, an increase of 5,300 people out of work and claiming Job Seekers Allowance.

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

Strict lending criteria developed by bank and housing pricing levels have meshed, eliminating new potential buyers from the market.

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

In recent surveys 4,359 UK parents say how costly childcare fees have placed them in debt.

Unemployment numbers in the UK have increased greatly by 38,000 to 2.49 million within the past few months.

Figures from the Pension Protection Fund reported the deterioration of UK pension schemes in July 2011.

A recent survey questioning 1,800 UK businesses claims the biggest threats to UK companies are due to a weakened domestic demand.

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

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.

UK unemployment fell 88,000 in the three months to April this year to 2.43 million, the biggest drop since the summer of 2000, latest data shows.

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

The governor of the Bank of England, Mervyn King, has warned that higher utility bills could push inflation up to 5% later this year.

Research has found that the economies of university towns and cities could be badly hit from 2012 by the decision to raise student tuition fees as high as £9,000.

Barclays, the UK bank has reported a 9% fall in pre-tax profits for the first three months of the year to £1.66bn.

Savers are finding it harder than ever to protect their funds from inflation erosion.

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

UK mortgage lending remained at low levels in February as the housing market remained "stuck in a rut", lenders have reported.

Between October and December 2010, unemployment rose 44,000, to a total of 2.5 million people unemployed.

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.

According to recently released figures, the UK GDP shrank 0.5% in the last three months of 2010, partially due to the significant economic impact of  December’s freezing weather.

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.

Unemployment is on the rise in the UK once again, reaching 2.5 million (7.9%) in October. This resulted from an increase of 35,000 during the previous three months.

Data from two recent surveys shows that the rental market is under pressure and that average costs are on the rise.

Oil prices appear to be on the rise and have hit their highest point in six months.

According to the BBC, the Spending Review has revealed that the budget for England’s social housing programme is facing cuts of more than 50%.

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.

A recent survey of recruitment firms conducted by the Recruitment and Employment Confederation (REC) suggests that the UK employment market continues to weaken.

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.

Discussions are in progress relating to the possibility of removing Child Benefit from families with one or both parents earning over £44,000 per year.

According to the Markit UK Household Finance Index, savings are still low as consumers focus on paying down debts amongst concerns regarding economic difficulties ahead.

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.

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.

Small- and medium-sized enterprises (SMEs) have seen a rise in bank fees this year, which is only making it more difficult to stay afloat and recover from the recent economic crisis.

BT customers will soon see a 10% increase in call charges, as well as a 50p increase in monthly line rental.

According to the Higher Education Policy Institute, unemployment has risen significantly among recent graduates under 24 years old.

Starting next year, families earning more than £40,000 will see a reduction in tax credits.

Figures reported by the Land Registry show that house prices in Wales and England continue to steadily increase.

The widespread impact of the recession is still being seen throughout the UK as families struggle to manage the aftermath and regain their financial footing.

Over the past several years, the government has proposed and implemented an array of projects supposedly intended to assist people in debt.

In order to address the UK’s £178 billion deficit and to begin to re-establish credibility in public finances, the government must start implementing public spending cuts this 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.

The Financial Services Authority (FSA) has proposed new plans pertaining to mortgages, which may particularly affect some self-employed borrowers.

To slow down the rapid slump in the property market, UK residents enjoyed a temporary stamp duty holiday on properties valued between £125,000 and £175,000 beginning in September 2008.

As unemployment rises across the UK, southeast England has been particularly hard hit with unemployment and underemployment.

Recently, families have enjoyed lower monthly bills due to the government’s efforts to boost the UK economy by temporarily reducing the VAT from 17.5% to 15%. However...

Official figures show that inflation in the UK rose higher than expected in November, due in large part to higher petrol prices.

According to the accountancy firm PricewaterhouseCoopers (PwC), 9% of all total outstanding debt balances will be made up out of credit card debt by the end of the year 2010.

The latest numbers concerning home repossessions in the UK have been released, and they are not good. In fact, repossessions in the United Kingdom have increased by an incredible 50% in one year.

For those looking for quick house sales, it seems another house price index comes out every week. Here is a quick description of the main 4 indices, useful for those wanting a quick home sale.

There’s been some good news at last for those seeking quick house sales or wanting to sell their property portfolio.