Latest news

1 in 10 pensioners still in debt

Nearly half (47%) of the UK`s pensioners are just `getting by`, as they struggle with the rising cost of living. So says a press release from a leading charity with a vision of `a world in which older people flourish`.

Age UK surveyed more than 1,200 people over the age of 60 to find out how they were coping with today`s financial challenges.

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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.

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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.

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Editorial Team