POUND NOTES
FINANCIAL FACT
HOUSEHOLDS’ non-mortgage borrowing slowed to its weakest annual growth levels in nearly three years in July, Bank of England figures show. The annual growth rate of consumer credit – which includes borrowing on credit cards, overdrafts and personal loans – slowed to 8.5% in July, from 8.8% in June. It was the lowest annual growth rate since November 2015.
INSURER SAYS WOMEN MORE LIKELY TO HAVE ACCIDENTS IN NEW CARS
WOMEN drivers are more likely to have an accident in a new car, while men are more likely to have a bump in an older car, according to clams analysis from Admiral. The types of accidents more commonly seen in new cars compared to old cars may be due to the driver being unfamiliar with the size and dimensions of their new car, Admiral car insurance said. Drivers adjusting to a new car are more likely to have low impact bumps, with collisions in car parks with walls and bollards being common.
MOST STUDENTS HAVE THOUGHT ABOUT BUDGETS, INDEX FINDS
SOME 95% of students saying they have at least thought about budgeting and how they spend their money, according to the NatWest Student Living Index.
Nearly a quarter (23%) say they budget carefully and keep track of what they spend, and only 5% say they don’t consider what they’re spending at all. Over half (52%) of the students surveyed rated the stress of managing their money at university a six or above out of 10.
CHARITY SAYS NEED FOR DEBT HELP WILL REACH FIVE-YEAR HIGH IN 2018
DEMAND for help with debts is expected to reach a five-year high across 2018, as more people find themselves struggling with everyday household bills, according to a charity.
National Debtline, which is run by the Money Advice Trust (MAT), predicts it will have received 189,000 calls by the end of 2018 – its highest level of demand in the last five years. It said callers are increasingly struggling with arrears on everyday household bills, with people facing smaller but trickier debts to deal with.