New research shows that 21.2 million people are looking at other ways to help them raise funds to pay for Christmas. According to a survey from Scottish Friendly, 1 in 5 Londoners will be looking for a second job to fund the holidays. Whilst 2 million of us across the UK have planned to ignore Christmas altogether and work to cash in on the extra rewards.
For many with mortgages, interest rates remaining static lately has been rather helpful. Low interest rates have meant that the mortgage market has been very competitive, and for many on a long-term low tracker rate it’s been quite beneficial.
The British electorate considerably underestimate how much the lowest earners in the country pay in tax and are under a false impression that the country’s richest shoulder the largest burden on their income from tax, according to compelling and insightful new data compiled by a leading think tank who has called for an overhaul of the current tax system.
Getting into debt is an uncommon occurrence in today’s world. As the economy slowly recovers from the impact of the recession, more and more people are finding themselves subjected to tighter credit providers. This is making it harder to obtain the credit that might be required to deal with immediate debts that need to be paid.
While the outlook for the UK economy may be looking decidedly brighter, with the Organisation for Economic Co-Operation and Development (OECD) forecasting that the economy grew by 1.5% rather than 0.8% in 2013, it should logically follow that Brits should be getting some much needed respite from their money woes.
Research by a debt advice charity has revealed that over 22,000 adults aged under 25 sought its help in 2012, demonstrating the “acutely vulnerable economic position” of young people.
With just over 30 days to go until Christmas, the countdown has begun and the festive rush to buy seasonal goods is well and truly on.