UK Secret Savings Top £3 Billion
The total amount of stashed savings has increased to more than £3 billion between 2013 and 2014, as more individuals attempt to put money aside. That represents an increase in secret savings of 9% in a year, with the average UK couple now keeping 63% of their savings in sole accounts. More than one in […]
Don’t Let Fake Goods Ruin Your Christmas
Consumer spending in the run up to Christmas is expected to reach £22 billion this year but people have been warned to watch out for scammers selling fake goods. Intellectual property crime and counterfeiting in the UK is estimated to total at least £90 million every year and as shoppers go in hunt of festive […]
Will You Send A Virtual Gift This Christmas?
More than half of Brits will give some sort of virtual gift this Christmas, as they look to take a different approach to their festive shopping. Vouchers, gift cards, subscriptions, memberships and downloads were common gift ideas being considered by 53% of Brits, a survey from Gocompare.com revealed. In the survey, 37% of people intending […]
Preparing for Black Friday: What You Can Do
Black Friday – a long-standing tradition in the USA – is quickly becoming a fixture in the calendar of retails across the UK, and in 2014 it is expected to be no different. The concept first appeared on British shores around four years ago, although 2014 will see many leading British firms joining early winter […]
1 in 5 Brits Fear They Cannot Afford To Be Festive
Christmas is a matter of weeks away but one fifth of Brits have admitted they fear they may not be able to celebrate in 2014. According to new research from the Debt Advisory Centre (DAC), 19% of people believe they cannot afford the cost of Christmas and so will not be celebrating. A third of […]
One in Six Brits Turns to Jam Jars for Money Management
Nine million Brits are currently budgeting by setting aside funds in envelopes and even jam jars, new research from thinkmoney has claimed. Nearly one in every six people set money aside for bills in whatever contained they have to hand, rather than keeping it in an account. This ensures they have enough money to pay […]
Four Million People Want to Enter World of Online Banking
Millions of Brits who have not used online banking so far would be interested in trying it out, new research from the Payments Council has revealed. The report – titled Supporting People Interested in Using Online Banking – found that 78% of UK adults could potentially use online banking. Seven of ten people who could […]
Nearly Half of Brits Have Fibbed About Their Finances
Nearly half of British adults have told some financial white lies, with a partner the one most likely to be on the receiving end, new research has revealed. Some 48% of adults have fibbed about finances with 15% admitting they were most likely to do it to their partner as they wanted to hide something. […]
Retirees with Interest Only Mortgages Face Tough Decisions
More than half a million people aged over 50 years could be forced to sell their properties to pay off interest only mortgages, new research has suggested. Saga Personal Finance has suggested that many people are facing the burden of mortgage debt as they enter retirement – and some of them have no way of […]
UK Consumer Confidence at Seven Year High
Consumer confidence in the UK improved again in the third quarter according to insight firm Nielsen; marking a third consecutive rise of three points. The UK Consumer Confidence Index hit 93 in the third quarter of 2014, a high point last seen in the same period of 2007. Despite the improvements there is still some […]
