British holidaymakers are not in control of their holiday expenditure, according to the latest NS&I quarterly savings survey.
With a fifth failing to look at their financial situation before booking their holiday, and over three-fifths overspending while away, it is not surprising that over a quarter of the population said that they were alarmed at how […]
Posted in News, Utilities on June 20th, 2008 No Comments »
Predicted further energy price rises of up to 40% this year could mean a total increase of 61% since January 2008, according to uSwitch.
It would mean the average household energy bill hitting £1,467 this winter, up from £912 at the beginning of the year. The increase in energy prices would also plunge an extra 1.6 […]
Posted in News, Banking on June 20th, 2008 No Comments »
Research by Moneysupermarket has revealed only one in seven Brits have bothered to change current accounts in the past two years.
This is despite the spotlight shining well and truly on bank accounts thanks to the ongoing Office of Fair Trading court case.
Of those who have made the effort to make the change, more than a […]
Posted in News, Banking on June 18th, 2008 No Comments »
Alliance Trust’s independent study of age-related inflation has found that the surge in inflation during May continued to hit those aged over 75 the hardest.
This age group saw its inflation rate increase from 4.1% to 4.8% during the month. The inflation rates facing all other identified age groups have also increased and the majority are […]
Families need to earn an average of £62,000 a year to become a typical Middle Britain household in 2008, according to the AXA Financial Task Force.
The AXA group says the term ‘Middle Britain’ needs to be redefined as it does not represent ‘middle income’ Britain and only applies to a significant minority of households, although […]
Research by uSwitch shows that credit card providers could be putting themselves and consumers at risk by not making sufficient checks during the application process.
In the past 12 months 84% of successful credit card applicants - 4.8 million - were not asked to provide any proof of income to support the figures stated in their […]
Posted in News, insurance on June 17th, 2008 No Comments »
Research by esure suggests one in six Brits would take part in an adventurous sport on holiday knowing they wouldn’t be covered if they got injured.
The survey also reveals a quarter of holidaymakers choose their destination or resort based on the availabilty of such sports including scuba diving, white-water rafting and bungee jumping.
With 88% of […]
One in five people in debt would rather stash money under their mattress than use a bank, according to MGM Advantage.
A quarter of those with assets in excess of £1m would also do the same. Despite this, 55% of Britons still favour traditional savings accounts as the most popular destination for their money.
A solid six […]