- Wednesday, 7 April 2010People planning their
debt management will have to wait until May 10th to make an informed choice as how best to juggle their debts.
The general election has forced the Bank of England to delay an interest rates decision.
Initially, the decision was scheduled for May 6th but Gordon Brown's trip to Buckingham Palace yesterday to ask the queen to call an election means that it will have to wait.
The Bank's Monetary Policy Committee (MPC) meets every month to decide on the level of interest rates.
That level currently rests at 0.5 per cent and is widely expected to remain that way when the MPC concludes its month's business.
Election Day has also disrupted an auction of government bonds.
Originally scheduled to take place on May 5th, the
Debt Management Office has announced that the auction is to be brought forward to April 28th.
Despite an extra wait for an announcement on next month's interest rates, experts advise anyone struggling with debt to seek professional
debt management advice at as early a date as possible.
Recent research has shown that people often leave it too late before seeking help with their
debt management plans.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
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