Britain on credit binge as mortgage deals drop (Daily Telegraph)

Story date: 2008-04-02 05:23:33
Added on: 2008-04-02 21:00:20

Consumer borrowing is rising at its fastest rate in five years, with the withdrawal of cheap mortgage deals forcing millions of home owners to take on personal debt to finance their everyday expenses.


Read more...

Related Stories:

• Consumer borrowing up 7.4 percent (El Paso Times)

  WASHINGTON—Consumer borrowing rebounded in November as credit card debt shot up by the largest amount in six months. The Federal Reserve reported...
  2008-01-10 01:35:56

• Transport costs rise by record 7% as food prices soar at fastest rate for 17 years (Evening Standard)

  • Food bills rising fastest since 1991...
  2008-04-15 06:01:25

• Financial crisis: Government debt rising at fastest rate since 1946 - Daily Telegraph

  Alistair Darling's original forecast that full-year borrowing would reach £43bn now looks even further out of reach Photo: PA Alistair Darling has...
  2008-10-20 08:11:00

• Business borrowing defies rate hikes

  News.com.au - THE white-hot infrastructure investment boom is showing no signs of slowing, with business borrowing growing at its fastest pace in...
  2007-12-31 06:28:00

• Consumer credit increased briskly in June (Florence Morning News)

  U.S. consumers showed just how rough times are becoming by boosting their borrowing in June at the fastest pace in seven months....
  2008-08-13 04:00:29

• Wholesale prices rising at fastest pace since 1981 (Havre Daily News)

  Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government...
  2008-08-19 11:54:40

• Growth in consumer credit fell in December to slowest pace in 8 months (The Times-Reporter)

  Updated at 3:10 p.m. WASHINGTON (AP) –Consumers increased their borrowing in December at the slowest pace in eight months, additional evidence that...
  2008-02-07 01:28:57

• Growth in consumer credit fell in December to slowest pace in 8 months (Times-Reporter)

  Updated at 3:10 p.m. WASHINGTON (AP) –Consumers increased their borrowing in December at the slowest pace in eight months, additional evidence that...
  2008-02-07 08:23:15