The economic situation in 2008 could prove "challenging" for many Britons, it has been claimed.

Jason Hollands, head of group communications for investment house F&C Management, notes the strong performance of the economy recently.

But he adds that "these things don't just continue moving upwards" - suggesting that tightened financial conditions could emerge in the coming months.

Consumers may wish to take the chance to tackle their finances now, with a debt consolidation loan a possible way of doing so.

This could be the most likely option for many Britons, as Mr Hollands observes that there is a relatively low amount of cash resting in savings accounts nationwide.

"The savings ratio - which is the proportion of our household income that's stored up in savings - has been reaching low levels not seen since the 1960s," he comments.

"So we are at a point where Britain has not been saving enough for the future."

Households who discover they have not put enough aside to cover their expenditure could turn to a debt consolidation loan for assistance.ADNFCR-1287-ID-18364677-ADNFCR

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