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22nd of December 2010
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News Tag: household

November 30, 2010

UK household spending falls first time in 10 years

by Kay Murchie
The Office For National Statistics (ONS) has today revealed the extent to which the recession has had on UK households after spending fell for the first time in a decade. The data shows how households have been squeezed after spending was £455 in 2009, down from £471 in the previous year - the first fall within the last ten ...

September 27, 2010

People opt to pay off debts rather than save

by Kay Murchie
According to the latest Markit UK Household Finance Index, people are continuing to pay off their debts rather than top up their savings. This has been the case for some time now as historically low interest rates discourage consumers from saving. Meanwhile, the survey of 1,500 households discovered that around 27% of those questioned saw their household finances deteriorate in ...

December 14, 2009

Household disposable incomes tumble by £100pm

by Gill Montia
Household disposable incomes tumble by £100pm
The Bank of England's quarterly report covering the autumn of 2009 shows householders' disposable incomes after tax, housing costs, loan payments and utility bills having fallen by an average £100 per month over the past year. Manual workers, many of whom have been hit by reduced working hours, saw their disposable incomes depleted by between £50 and £100 a month, while non-manual ...

September 11, 2009

Tesco and Fortis team up to form Insurance Partnership

by Kay Murchie
Supermarket giant Tesco is continuing its expansion into financial services by agreeing a partnership with Fortis, which will form a new motor and household insurance company. Tesco, which has a 30% share of the grocery market, already offers credit cards, savings accounts and insurance via its Tesco Personal Finance (TPF) brand and announced plans late last year that it ...

June 30, 2009

Household running costs down 17%

by David Masters
Household running costs down 17%
The cost of running a home in the UK has plummeted to a three year low, according to new research from Halifax. A study by the bank found that the cost of owning and running a household has fallen by nearly a fifth during the past twelve months to the lowest level since 2006. Household running costs to the year ending 30 April 2009 ...

May 22, 2009

British household spending in biggest fall since 1980

by Kay Murchie
Figures released today by the Office of National Statistics (ONS) revealed that spending by British households fell by 1.2% in the first three months of 2009 - the largest fall since 1980. According to the ONS, the only positive contribution to growth was Government spending. In addition to the fall in household spending, the ONS said compensation for employees (wages and ...

May 11, 2009

Energy meter in every UK household

by Peter Charalambous
Today the government has announced a £9 billion scheme that will install a new smart energy meter in every UK home. Both the Department for Energy & Climate Change and the energy companies believe that the measure will result in savings for consumers. The meters are electronic and available for both gas and electricity and, as a result, send up-to-date accurate information and ...

July 31, 2008

DEFRA pledges support for household flood defences

by Gill Montia
DEFRA pledges support for household flood defences
The Department for Environment, Food and Rural Affairs (DEFRA) has outlined plans to contribute at least £5 million to support households in England that are at particularly high risk of flooding. The scheme is aimed at properties which are not protected by traditional community level defences and will be in addition to help already provided by local authorities, the insurance industry ...