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Half of Brits 'prioritising finances'

Half of Brits 'prioritising finances'

Category: Loans

Updated: 10/02/2009
First Published: 10/02/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Nearly half of Britons are intending to address their spending this year, it has been found.

Research by Halifax has revealed that 48 per cent of consumers will be making finances a priority, with the figure rising to 56 per cent for those between the ages of 25 and 34.

With recent studies showing that debt levels due to credit cards and unsecured loans are rising, nearly a third told the bank that they would be setting a budget in order to manage their money in 2009.

Those who are planning to address the issue may wish to consider comparing financial products.

Welcoming the results of the survey, head of banking at Halifax Mike Regnier remarked: "It's good news that people are intending to make their finances a priority."

Last month charity Credit Action revealed that the amount owed through unsecured loans is rising, with personal debt in the UK now standing at a total of nearly £1.5 billion.

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