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Latest news
Rise in fraudulent credit applications
According to a report by Experian, the number of attempts made by identity fraudsters to take out loans and credit cards `rose sharply` in 2010, the Guardian reports.
Seven in every 10,000 loan applications were fraudulent - an increase from five in every 10,000 recorded back in 2009. Insurance fraud saw an 11% rise on the whole.
Over 25% of middle-class families on holiday will stay in UK
According to research by Experian, more than 25% of middle-class families taking a holiday will stay within the UK this year - citing `financial pressures` as the main reason, the Guardian reports.
The survey, which was based on 2,000 people, found that 28% of `middle Britons` (by age and by wealth) throughout the UK will not go on holiday at all this year. And of those still planning to go on holiday, 28% will stay in Britain.
Interest rates `set to soar`
The interest rates charged on debts could be set to soar, as the Bank of England`s base rate is expected to start rising in the near future.
So says Andrew Sentance, one of the nine people who sit on the Bank`s Monetary Policy Committee, which actually makes the decisions about the base rate.
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