Tag: Brits

Brits brace themselves for harsh spending cuts in today’s budget

Brits brace themselves for harsh spending cuts in today’s budget

Today’s budget, which represents the tightest in 3 decades, is likely to bring painful tax hikes and harsh spending cuts. The tough measures are designed to deal with Britain’s record deficit of £155 billion and will be delivered today by Chancellor George Osborne at 1230 BST (1130 GMT). According to Mr Osborne, the massive spending [...]

June 22, 2010 | 0 Comments More
Two in five Brits save nothing

Two in five Brits save nothing

Nearly half of UK consumers are failing to save any of their monthly income, research by Abbey found. Two in five Brits are not putting any money aside. However, those who are saving are managing to bank more cash than they were at the start of the year. The average amount saved has increased 26% [...]

September 18, 2009 | 0 Comments More
Credit crunched Brits cutback holiday budget

Credit crunched Brits cutback holiday budget

Millions of Brits have made drastic cuts to their holiday budget this summer, new research has discovered. Santander Cards found that a quarter of Brits taking a well-earned break in the sun this year plan to reduce holiday spending. Eating out is the biggest target of cutbacks, with 54% of those reducing their budget planning [...]

August 17, 2009 | 0 Comments More
Money worries quash Brits’ dreams and ambitions

Money worries quash Brits’ dreams and ambitions

Three quarters of Brits have settled for second best in at least one area of their life, research by Abbey Bank Accounts has discovered. Nearly half (47%) of those surveyed blamed the failure to pursue their dreams on money troubles. Around a third (30%) of Brits have forsaken their dream job, settling instead for a [...]

August 12, 2009 | 0 Comments More
Brits ditch foreign holidays for staycations

Brits ditch foreign holidays for staycations

As the recession continues through the summer many British holidaymakers are choosing to stay in the UK rather than travel overseas. Research by insurance provider LV= found that Brits choosing UK holidays are planning to save an average £247 per person by ditching their trip abroad. A quarter of the working population will take their [...]

July 26, 2009 | 0 Comments More
Domino’s Pizza continues to benefit from stay-at-home Brits

Domino’s Pizza continues to benefit from stay-at-home Brits

Recession hit Britons who have abandoned eating out have boosted Domino’s Pizza’s sales, with profits at the pizza delivery group rising 25% to £13.6 million. Fast food chains appear to be one of the few industries that are thriving during the recession with the nation’s enthusiasm for takeaways showing no signs of abating. Total sales, [...]

July 20, 2009 | 0 Comments More
Beware the myth of ‘commission free’ exchange rates

Beware the myth of ‘commission free’ exchange rates

British holidaymakers are being misled into believing that a ‘commission free’ exchange means they are getting the best deal for their holiday money. Online currency provider FairFX said many Brits are unaware that the exchange rate is just as important as the commission fee in determining how much of a foreign currency they’re getting for [...]

April 7, 2009 | 0 Comments More
BSA: Net receipts hit high in February

BSA: Net receipts hit high in February

Figures published by the Building Societies Association (BSA) revealed a record in net receipts for February after savers sought a safe haven for their cash. The BSA said net receipts into building societies were £1.6 billion in February 2009 - which represents an increase of 18% compared with February 2008. Brian Morris, Head of Savings [...]

March 31, 2009 | 0 Comments More
Brits plan to save by axing insurance cover

Brits plan to save by axing insurance cover

Five million Brits plan to reduce outgoings by cutting back on insurance cover, LV= found in a recent survey. Most popular for cutbacks was home insurance. LV= discovered that 2.2 million households plan to reduce or cancel their home insurance policies to reduce spending. Flood risk insurance is the most likely to be cut, with [...]

February 24, 2009 | 0 Comments More
UK to save more through recession

UK to save more through recession

UK consumers are planning to save more money this year to help them through the recession, internet bank smile.co.uk has revealed. Research by the online subsidiary of the Co-operative Bank found that Brits are planning to save 35% more in 2009 compared to last year. Brits are intending to save an average of £2,605 this [...]

February 6, 2009 | 0 Comments More
Brits disillusioned with saving

Brits disillusioned with saving

Almost three quarters (73%) of UK consumers believe the benefits of saving have fallen over the last year, according to new research by the Association of British Insurers (ABI). Only 7% of those questioned felt the benefits of saving have increased, down from 15% when the survey was conducted three months earlier. Rebecca Driver, the [...]

January 26, 2009 | 0 Comments More