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Lib Dems warn against Xmas debt

A survey by abbey has shown that one in four Britons are bank rolling Christmas this year with credit cards and loans, spending an average £446 each.

The Liberal Democrats have called on borrowers to heed the words of Mathew Barrett, chief executive of Barclays, and not to pile up debts on expensive credit cards.

Malcolm Bruce MP, shadow DTI secretary for the Liberal Democrats, says: “It is not only the turkey that will get stuffed this Christmas if people rely heavily on credit to fund the festivities.

“With personal debt at records levels and interest rates beginning to rise, people should be extra careful this Christmas that they don&#39t spend beyond their means. The credit card debt hangover could last well into the new year for many families.”


We&#39ll comply, say brokers

Four in 10 intermediaries say they will be responsible for their own compliance in 2004. Cardiff-based network networkone&#39s &#39State of Trade&#39 survey of 900 intermediaries also suggests almost three in 10 intermediaries will have an inhouse compliance officer by October 31 next year. Two in 10 say they will rely on a third-party consultant while […]

Ian Menzies-Gow takes the chair

Neil Hannah is stepping down as chairman of the Derbyshire and will be replaced by current deputy-chairman Ian Menzies-Gow. Hannah retired last month having joined the Derbyshire&#39s board of directors in 1992. He became deputy-chairman in 1998 and chairman the following year. A fellow of the Royal Institution of Chartered Surveyors, he has practised for […]

LFG appoints Merseyside law firm for commercial remortgages

Lifestyle Funding Group has appointed Merseyside law firm Lees Lloyd Whitley to handle its commercial remortgaging work across the country. The firm&#39s residential property department already provides legal services to more than 350 customers nationwide who remortgage their homes every year through the group&#39s Earth finance division. LFG has recently opened a new call centre […]

R3: Group acquires Personal Lines

The R3: Group has bought Personal Lines, bringing total income under its management to £20m. The Ipswich based R3: Group says that following sustained expansion over the last year, it was attracted to Personal Lines, owned by Keelan Westall, for its &#39homeowner solution&#39 for both intermediaries and their customers. The company will now operate under […]


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