Debt, investment, car insurance and savings

After a glorious Bank Holiday weekend, there’s depressing news for young people this morning: more than a third of them have debts of almost £3,000 and experience significant concerns about money.

A survey of 2,042 people aged 18 to 24, conducted for the Money Advice Trust by YouGov, found that they borrowed using credit cards, overdrafts and loans from family and friends. Just over half said they regularly worried about money, with 32 per cent feeling their debts were a ‘heavy burden’. Women were much more likely to worry about money than men, the survey found. The average debt of £2,989 excludes student loans and mortgages. The average student loan balance is £25,505. Investment

A record number of investments were made by foreign firms in the UK in the year to April 2016, according to government figures.

The Department for International Trade recorded 2,213 inward investment projects, up 11 per cent on the previous year. The data shows the UK is the most popular destination in the European Union for overseas firms.