Archive for November, 2007

More than 3 in 10 (39%) people will be spending between £150 and £300 on Christmas presents this year, according to rural insurer NFU Mutual.

But 20% are being even more generous, saying that they will spend over £500 on friends and family.
Whatever amount people decide to spend this Christmas, it will lead to a significant […]

Banking Code changes

The UK Banking Code will change from March 2008, with a focus on helping customers to deal with financial problems.

Kevin Mountford, head of savings and current accounts at price comparison site moneysupermarket.com, said: “This is all excellent news for consumers, many of whom have been at the mercy of big institutions for too long. The […]

UK homes now accommodate over 400 million pieces of kit, equating to an average of 16 gadgets in every household and worth a staggering £74bn, according to bank First Direct.

The UK nation spends more money on televisions than any other gadget at a phenomenal £29bn, whilst £10bn is spent on computers and laptops. 
Chris Pilling, chief […]

Debt concerns growing

The number of adults who are very concerned about their ability to manage their debts has risen to over 1 in every 10 people who owe money, according to research from MoneyExpert.com.

This amounts to as many as 3.4m people who might not be able to keep on top of their borrowing.
The proportion of people claiming […]

Increase contents insurance at Christmas

Over the Christmas period Britons spend an average of £385 each on Christmas presents for their friends and family. This means that across the UK around £18.3bn worth of gifts will be sat in people’s houses over the Christmas period.

But research by Direct Line Home Insurance reveals that 42% of Brits hide all their presents […]

Parents estimate that they save £900 a year on the cost of bringing up their children thanks to the generosity of their own mum and dad (their children’s grandparents) according to new research from Birmingham Midshires.

The savings provider found that parents save an average of £75 a month by relying on grandma and grandpa to […]

Green energy plan ratings announced

Ofgem has today announced new energy ratings to help consumers understand green energy plans.

 
Key features of the ratings are that there will be new voluntary guidelines for low carbon and renewable energy supply, which will be similar to the A to F energy efficiency rating used for household appliances. Green energy supply claims made by […]

HM Revenue has admitted losing sensitive data of millions of child benefit claimants, inclusing their sort codes, bank account and national insurance numbers and personal details. There is no evidence that the data has fallen into criminal hands. 

Paul Smee, APACS chief executive, said: “Whilst this incident is extremely serious, at this stage customers should not […]

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