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Sunday, 16 March 2008 |
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By Tom Dawson
 People living in Wales appear to be increasingly struggling with their finances, new research suggests.
In figures released by the Insolvency Service earlier this week, it was revealed that some 2,009 consumers in the principality filed for an individual voluntary arrangement (IVA) over the course of 2006. Such a figure represents growth of 146 per cent from data recorded in 2005 and an increase of 400 per cent from 2000.
Meanwhile, an estimated 2,800 cases of bankruptcy took place in Wales in 2006, up by 47 per cent from the previous year. Furthermore, this type of insolvency has increased by 156 percentage points from the beginning of the century.
Following such statistics it is possible that more consumers are developing problems meeting repayments on borrowing such as mortgages, UK personal loans, credit and store cards and overdrafts. In addition, such people may also find that they experience difficulties with other financial demands such as utility bills and transport costs.
Those living in Caerphilly appear to be under particular money management pressures as the number of people in the southern |
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Last Updated ( Sunday, 16 March 2008 )
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Read more... [Welsh Residents 'Struggling With Debts' (silver futures trading)]
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Saturday, 15 March 2008 |
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By Mark Dawson
 An increasing number of Britons are looking to go on mini breaks in far flung parts of the world, a new study shows.
In research carried out by Halifax Travel Insurance, it was revealed that last year 3.7 million tourists went on a long-haul flight for a vacation lasting no longer than a week. It was also revealed that consumers spent more than 5.5 billion air miles flying on such breaks. North America was shown to be the most popular destination, with 1.97 million consumers jetting off on a short break to the continent in 2007.
The Far East, which includes the likes of Japan and China, attracted 540,000 consumers, with 226,000 going to the Indian subcontinent. Africa, the Caribbean and the Middle East were also revealed to be popular destinations for holidaymakers.
For those looking for a competitive way to finance a vacation, a quick loan could prove to be of assistance.
As 2008 progresses Halifax suggested that even more people will want to go on this kind of holiday with an estimated 4.9 million "speed tourists" set |
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Last Updated ( Saturday, 15 March 2008 )
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Read more... [More People 'Going On Long Haul (silver futures) Breaks']
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