Author Archive
Consumers Intend To Spend Despite Crunch
Despite growing uncertainty about the health of the economy, many British consumers have expressed their intentions to splashing the cash over the summer period as extensive sales get underway.
In a recent report by Sainsbury’s Bank, it was suggested that total spending could be as high as 7.89 billion pounds on discounted items during the warmer […]
Travel Costs Causing Tiffs Among Holidaymakers
Many Britons have fallen out with friends and family before their plane leaves the runway as a result of concerns about the economic impact of taking a trip away, according to new statistics.
American Express has found that nearly a third (31 per cent) of travellers admitted to having an argument over the financial viability of […]
Middle Britain Lifestyle Not Possible For Many
Despite perceptions of belonging to the middle classes, many consumers fall way short of the amount of income necessary to truly belong in Middle Britain, Axa has suggested.
In a comprehensive study, the financial services provider has found that despite one-third of people believing that they belong in the Middle Britain socio-economic category, only one in […]
Banks Are Too Slow To Raise Credit Interest Rates
Despite recent competition in the credit interest rates offered by banks, far too many appear to be still offering incentives for customers that keep their accounts in credit, a new report has stated.
According to MoneyExpert, there has been some improvement in the typical credit interest rates is offering by high street banks, although it asserts […]
Britons Spending Millions Replacing Lost Passports
Britons may be wasting as much as 389 million pounds replacing lost or stolen passports while on holiday, financial services firm Halifax has suggested.
According to the company, the average consumer who mislays their passport while overseas spends an additional three days awaiting replacement documents in order to get back home. In total, this amounts 1.7 […]
Brits Planning Major Home Improvements
Over a fifth (21 per cent) of homeowners plan to make major structural changes to their home over the next year, a new study from Sainsbury’s Bank has indicated.
The company notes that the slowdown in the property market might be having a marked effect on consumers plans to improve their homes, with many looking to […]
Bank Maintains Rate At Five Per Cent
The Bank of England’s monetary policy committee (MPC) has announced its decision to hold the base rate of interest at an even five per cent.
It is the sixth interest rate decision the MPC has made so far this year and the fourth time it has decided to maintain the base level. The group last decided […]
Number Of Mortgage Approvals In April Is Down
The number of approvals for mortgage loans in April fell for the 12th consecutive month, according to new statistics from the Bank of England.
According to the month’s figures, there were 58,000 loans approved for the use of house purchase, while 52,000 loans were granted for other purposes. However, while both of these figures were down […]
Consumers Worried Rising Costs Will Fuel Rising Inflation
A new countrywide consumer poll carried out by Lloyds TSB has indicated that concerns about food, fuel and energy costs are driving expectations of high inflation in the year to come.
The consumer barometer identified that average expectations for inflation over the next 12 months were going to be nearing four per cent, and not the […]
New Study Shows Home Improvement Intentions Of DIY Loving Brits
Programmes such as Changing Rooms, Grand Designs and 60 Minute Makeover are causing rising numbers of budding Handy Andys and Nick Knowleses to renovate their homes.
Such is the claim of Alliance & Leicester Personal Loans, where in a recent piece of research it was shown that just under three-quarters (73 per cent) of budding DIYers […]
