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Spending Habits

A high spending Christmas – but what else lies in store for SMEs in the business?

The UK’s retail sector has endured a turbulent 2018, with an average of 14 shops having closed every single day during the last 12 months.

7 tips to gain your financial independence

Having financial independence should be the end goal for anyone at the end of their working life, but that's harder to achieve for some than others.

What would you buy if you won £1 million?

Realistically, any one person’s likelihood of winning £1 million is close to zero. It may occasionally happen for the lucky few, but that’s about it.

Brits out of touch when it comes to cost of everyday goods

The average Brit is out of touch about the price of everyday goods, indicating a worrying disconnect when it comes to budgeting and finances.

Brits to spend £2.2 billion on jolly holidays over Christmas period

Brits will spend a bumper £2.2 billion on Christmas holidays this year, with one in seven (13%) going away over the festive season, according to new research from American Express.

Changing the way we pay - contactless celebrates its 10th year

To coincide with the 10th anniversary of the UK’s launch of contactless technology, UK Finance has published the latest usage figures.

Consumers’ inflation concerns reached 43-month high over the summer

Inflation worries have reached their highest level since January 2014 as consumers continue to feel the impact of rising prices and sluggish wage growth, according the latest Lloyds Bank Spending Power Report.

2017 wedding season to cost guests £27.5 billion

As the 2017 wedding season gets underway, new research from American Express reveals that nearly a third (31%) of Brits will attend at least one wedding this year, spending an average of £432.

Parents contribute over £1,480 a year to their adult children’s living expenses

The financial pressure put upon young people by the rising cost of living means that many are turning to their parents for help, receiving an average of £123.60 a month (£1,483.20 a year) to help towards their expenses.

2017 planning: how to keep on top of your finances

2017 planning: how to keep on top of your finances

When many of us decide on our New Year resolutions, managing our money better is often a major focus – and why shouldn’t it be?

Brits set to spend £1,500 each to have themselves ‘a wonderful Christmas time’

With stockings to fill, turkeys to stuff and seasonal breaks to be had, Brits intend to spend nearly £1,500 (£1,484) each this festive season.

A cut in VAT could plough billions into UK businesses

Research from commercial insurer NFU Mutual has found that two thirds of consumers would increase spending if a reduction in VAT is announced in the Autumn Statement.

Spending declines by half between early and later retirement

New analysis of income and average expenditure statistics by Aegon has found that spending falls by half amongst those aged 50-65 to those aged 75 and over.

50 Days to Christmas... but half of Brits yet to hit the shops

With 50 days to go, the countdown to Christmas is now definitely on. However, research from American Express shows that many Brits are yet to catch the Christmas spirit with over half (54%) still to start their seasonal shopping and of these, 22% are planning to delay it until December.

UK retail sales to grow an estimated 2.5.% in December 2016

UK retail sales to grow an estimated 2.5.% in December 2016

As Brits start to turn their minds towards filling this year’s stockings, Mintel estimates that total UK retail sales will grow 2.5% in December 2016 to reach £42.2 billion.