Tag: Britons

Rising cost of heating is big concern for Britons

Rising cost of heating is big concern for Britons

A survey by Incahoot.com has revealed Britons would rather risk hefty heating bills than turning up the heat in the bedroom. The phrase a�?no sex please, wea��re Britisha�? appears to be true after a survey by the collective buying website found that 90% of UK consumers would rather turn up the radiators than have sex […]

October 29, 2011 More
Brits saving amid economic and unemployment uncertainty

Brits saving amid economic and unemployment uncertainty

A study by National Savings & Investments (NS&I) has revealed that Britons are topping up their savings on a regular basis, amid fears about rising unemployment and uncertainty surrounding the economy. Government-backed NS&I, which runs Premium Bonds and a variety of savings products, said over half of Britons are regularly setting money aside. Britons are […]

October 11, 2010 More
Brits unprepared for VAT rise in January

Brits unprepared for VAT rise in January

Last December, the Government cut the VAT rate from 17.5% to 15% in an attempt to boost spending. However, the rate is to revert back to the normal 17.5% level from 1 January 2010 but research shows that Britons are unaware and unprepared. Research from Auto Trader shows that 12 million Brits are unaware of […]

DIY retailer Kingfisher benefits from stay at home Brits

DIY retailer Kingfisher benefits from stay at home Brits

Despite the poor weather experienced over the summer months, DIY giant Kingfisher said strong trading at B&Q has boosted pre-tax profits. Brits are spending more time in their homes and gardens as a result of the downturn, resulting in a 35% jump in profits at the group. Some Britons are opting to grow their own […]

Survey reveals firms considering freezing final-salary pension schemes

Survey reveals firms considering freezing final-salary pension schemes

A survey by accountancy firm PricewaterhouseCoopers (PwC) has revealed more worrying news for the retirement prospects of Britons. The survey by PwC, which polled 1,000 companies, established that 55 respondents are considering freezing their final-salary pension scheme for existing members within the next five years. It appears the trend is growing after banking giant Barclays […]

Comfortable retirement means working until age of 77

Comfortable retirement means working until age of 77

New research has unveiled that in order to live a comfortable retirement, Britons may find themselves working until they are 77 years of age. According to fund management group, Fidelity International, those depending on company pensions, linked to stock market growth, will need to top up their pension considerably if they wish to retire at […]

Counterfeit goods tempt credit crunched Brits

Counterfeit goods tempt credit crunched Brits

Credit crunched Brits tempted to save cash by buying counterfeit goods could end up being “ripped off”, an industry expert warned this week. Susie Winter, director of the Alliance Against IP Theft, raised concern that a desire to save money could push Brits into opting for illegal vendors. Winter said its “quite understandable” for people […]

Nationwide urges UK to start saving

Nationwide urges UK to start saving

UK consumers are being encouraged to start saving after a survey revealed that less than half of Brits regularly put money aside for a rainy day, whilst almost a quarter never save a penny. The Nationwide poll found that just 46% of those surveyed saved money on a regular basis. An additional 31% said they […]

Survey reveals what Britons really think of banks

Survey reveals what Britons really think of banks

A survey carried out by communication consultants, Cohn & Wolfe, has revealed what UK consumers really think about their bank. The organisationa��s Financial Confidence Survey, which questioned 852 consumers earlier this month, discovered that 60% do not believe that their bank is looking after their best interests. A consumera��s most popular description of their financial […]

Base rate cut angers Britain’s savers

Base rate cut angers Britain’s savers

The Bank of England’s 0.5% base rate cut has proved unpopular with Brits, according to the results of a new survey. An online poll by moneysupermarket.com found that over two thirds of 16,000 respondents were angry with the Bank of England’s decision, which lowered the base rate to 1.5%, its lowest in over 300 years. […]

75% of Britons say state pension not enough

75% of Britons say state pension not enough

A survey carried out by insurer Friends Provident has established that 75% of Britons believe the state pension is not enough to provide a comfortable retirement. The survey was conducted to mark the 100th anniversary of the state pension and questioned 3,056 people. However, while three quarters of respondents said it did not provide an […]

Brits not saving despite credit crunch

Brits not saving despite credit crunch

Thirteen and a half million Brits did not save a penny during 2008, research by Alliance & Leicester has revealed. Eighteen percent of people questioned for the survey said they had to use savings to cover bills in 2008, whilst 19% said they were disappointed with their 2008 savings effort. One in five of those […]

BoE report reveals Britons struggling with debt

BoE report reveals Britons struggling with debt

According to the Bank of Englanda��s latest quarterly bulletin, British households are struggling as a result of higher food and utility costs and falling house prices. The report found that disposable income plunged this year for 71% of British households, while the number of people struggling to pay their mortgage or rent is at its […]

Research shows Brits would turn down free cash

Research shows Brits would turn down free cash

Moneysupermarket.com, the price comparison site, have discovered that Britons will turn down free cash. Yesterday, representatives from the company were placed in two busy streets, one in Tottenham Court Road in London and the other in the Deansgate area of Manchester, they were wearing sandwich boards offering free A?5 notes to passers-by. However, despite coming […]

British people in denial about debt

British people in denial about debt

According to new research from MoneyExpert.com and CreditExpert.co.uk, many Britons are in denial about the level of debt they are in, while others worry about their ability to manage their debt. MoneyExpert.com, the financial comparison website, said its latest Debt Index revealed that in the last 3 months, the number of people concerned about their […]

Savers are missing out on roughly A?8bn every year

Savers are missing out on roughly A?8bn every year

According to the Post Office, savers are missing out on around approximately A?8 billion in interest every year. Accounts which pay interest rates well below the base rate means savers are losing out and this is at a particularly difficult time when inflation is at a 4-year high, food prices are at a record-high and […]

Brits putting travel insurance at risk by booking own holidays

Brits putting travel insurance at risk by booking own holidays

According to Marks & Spencer (M&S) Money, a growing number of Britons are putting their travel insurance at risk by booking different parts of their holiday separately. Research from M&S Money discovered that an increase in the usage of the internet has meant that half of British holidaymakers book their travels independently rather than using […]