Spending Habits
UK inflation rate rises to 3.7%
The Consumer Prices Index (CPI) annual inflation – the Government’s target measure – was 3.7 per cent in December, up from 3.3 per cent in November.
Consumer confidence up in December
Consumer confidence picked up slightly in December after three months of falls had forced it to a near historical low in November. December's uplift reversed the fall seen the previous month but, on 53 points, still leaves the Index substantially below its long-run average of 81.
Be a savvy spender in 2011
We are now 12 days into 2011 which means that the average household in Britain has already spent close to £800*. With belts tightened and a VAT price hike also in effect, cashback and voucher code site Quidco advises Brits of the savvy way to spend.
Recessionary mindset continues
As Brits make plans for 2011 new research points towards a year of frugal living as 70% of Brits are looking to make cuts to their outgoings with one in 10 (12%) planning large financial cuts.
Survey finds consumers aren't savvy in the sales
It was reported that Boxing Day sales hit a record high with around 5 million people buying products online, spending an estimated £153 million. But a survey carried out by the Trading Standards Institute revealed confusion around buying goods in the sales.
Auld Lang's at-mine - Low key New Year's Eve
It's not just Cinderella who will be at home as the clock strikes midnight on New...
Brits to avoid spending in New Year due to VAT rise
Seven out of 10 Brits will be reconsidering making big purchases next year, such as buying a car, because of the 2.5% VAT increase that comes into effect on 4 January 2011, according to research from price comparison site Gocompare.com.
Ethical shopping up despite economic downturn
Expenditure on green goods and services grew 18 per cent over the past two years despite the economic downturn, it was revealed today.
Big spenders opt for big night in this New Years Eve
The annual Post Office Home Insurance New Year survey has revealed that the biggest spenders are opting for a big night in this year. The survey showed that those who plan to go out for the evening expect to spend less than those who party at home - by £38 per person.
Brits resolve to be leaner, fitter and sort out their finances in 2011
Dieting, taking more exercise and sorting out finances top the nation's New Year's resolution list according to new research by comparison site, Gocompare.com.
Over 17 million Brits suffer from financial anxiety
Over a third of Brits, or 17 million people, worry about their current or future financial situation on a daily basis according to moneysupermarket.com, and stress about it more than their jobs or health.
Brits plan to repair not replace in 2011
Thrifty Brits are caught up in the mood of austerity sweeping the UK, as new research from HSBC shows the majority (73%) of consumers say they are more likely to ‘mend and make do' than they were last year.
£555 million to be spent on Christmas Eve
Many people have left their Christmas shopping until the last minute, with up to 20 million UK adults expecting to need to hit the shops on Christmas Eve, according to new research from Sainsbury's Credit Cards.
Four in ten people struggle to make it to payday
Nearly four in ten people (38%) say they struggle financially to make it to ‘payday', according to R3, the insolvency trade body's, quarterly tracking research on the nation's personal finances. This equates to over 18 million individuals across the UK.
7 million plan on giving a cheque this Christmas
24 million Britons (50%) have written a cheque in the last month, with around 7 million (14%) planning on giving them as Christmas presents according to research by Which?.