News Tag: study
March 16, 2010
A study by Lloyds TSB Commercial has revealed the impact the big freeze had on the UK's small and medium-sized companies (SMEs) earlier this year.
According to the research, the coldest winter in decades cost SMEs more than £7 billion.
Seven out of ten small firms were severely affected with snow and ice hitting deliveries and resulting in the firms to ...
Report reveals impact cold weather had on SMEs
by Kay Murchie
March 15, 2010
Young people are risking their financial future by opening multiple current accouts to maximise their access to overdraft facilities, according to a new report.
Research by YouGov, on behalf of Callcredit, found that nearly one in ten (9%) 18 to 24 year olds have three or more current accounts in their name with an overdraft available.
Of those with more than one bank account, ...
Young people exploit multiple overdrafts
by David Masters
March 4, 2010
Millions of homeowners across the UK have no idea what interest rate they're paying on their mortgage, according to research by Post Office Mortgages,
A poll by the lender found that while 35% of borrowers are currently on a standard variable rate (SVR) mortgage, 28% - around 3 million homeowners - don't know what rate they're paying.
The Post Office ...
Why you should check the SVR on your mortgage
by David Masters
February 24, 2010
Raising a child from birth to age 21 costs more than £201,000, according to research by LV=.
This is equivalent to £9,610 a year, or £26 per day.
It's the first time the lifetime cost of child-rearing has exceeded the £200,000 limit, and represents a 43% increase since the survey began in 2004.
The biggest costs of raising a child are childcare and education, ...
Raising a child costs over £200,000
by David Masters
February 23, 2010
A study by the Chartered Management Institute (CMI) has found that a growing number of managers resigned from their jobs in the past year, citing insecurity and restructuring as the reason for their departure.
According to the CMI, resignations grew to 4.7% from 4.5% of the workforce with 225,600 managers quitting their jobs in the 12 months to the end ...
Growing number of resignations among managers
by Kay Murchie
February 9, 2010
Rising inflation is not deterring consumers from putting money aside into a savings account, according to research by Nationwide.
According to the building society, the number of occasional and regular savers is at the highest level for 16 months.
Nearly eight in ten (79%) consumers are now regular or occasional savers, according to Nationwide’s Importance of Savings Index.
Andy Hutchinson, Nationwide’s head of savings, ...
Rising inflation fails to deter savers
by David Masters
February 4, 2010
The popularity of current accounts with ethical provider The Co-operative Bank soared in 2009.
Current account sales at the bank increased 38%, with the number of customers switching to The Co-operative Bank from other major providers rising 22%.
Research by The Co-operative Bank found that 10% of consumers switching current account providers do so because they want their money to be invested ...
Customers cite ethical concerns for switching banks
by David Masters
February 1, 2010
The Centre for Retail Research (CRR), in a study commissioned by shopping comparison website Kelkoo, found that UK shoppers spent more online than anywhere else in Europe in 2009.
The research showed that UK consumers spent £38 billion online last year (the equivalent of €1,240 (£1,070) per shopper) and accounted for almost a third of all European sales.
Poland was ...
Shoppers shun the High Street for the internet
by Kay Murchie
January 28, 2010
Brits have more than doubled the amount they are saving in the past 12 months, according to research published this week.
An investigation by Birmingham Midshires found Brits are saving 136% more per quarter compared to this time last year.
In the three months to January 2010, the average UK consumer saved £776.
This is compared to the £329 saved on average during ...
Brits saving double compared to January 2009
by David Masters
Crash twice to double your car insurance premiums
by David Masters
January 25, 2010
The Equality and Human Rights Commission is supporting plans to let the over 65s continue working.
Earlier this month, minister for Women and Equality, Harriet Harman, announced a major shake-up in the retirement law which will see workers no longer forced to retire at 65.
Miss Harman believes a radical change in the law is needed in order to smash the notion that ...
Calls for over-65s to keep working
by Kay Murchie
Over 1m lose jobs during recession
by Kay Murchie
January 18, 2010
Research group Centre for Cities has warned that some UK cities will take years to return to pre-recession levels.
The independent think tank said cities such as Stoke-on-Trent, Barnsley, Doncaster, Burnley and Newport will feel the effects of the recession for many years to come as people in these areas are less qualified and there are fewer business ...
Think tank warns of slow recovery for some UK cities
by Kay Murchie
January 12, 2010
Many parents are too busy working to spend time with their children, a new survey has found.
Research by Scottish Widows found that one in three (34%) of parents want to spend more time with their family.
One fifth of parents and grandparents said they are not prioritising their children or grandchildren enough.
Busy working lives were most to blame for keeping parents away ...
Parents put work ahead of children
by David Masters
December 4, 2009
Prisoners who open a bank account before they leave prison are significantly less likely to re-offend, according to a new study.
Research by Liverpool John Moores University (JMU) found re-offending rates reduced by 34.8% among short term prisoners with a bank account.
Having a bank account allows ex-offenders to quickly find a job and accommodation, rather than needing to turn back to crime to ...
Bank accounts reduce criminal re-offending
by David Masters
December 1, 2009
Just 15% of Brits have put aside money to pay for Christmas, according to research published this week. Seven in ten (71%) plan to pay for Christmas using their regular monthly income, while 14% will put their Christmas spending onto a credit card. Nearly five million Brits are still paying off debts from last year’s Christmas, the study found. This year’s Christmas spending splurge is expected to hit £11 million, despite many Brits ...
Brits lazy at Christmas saving
by David MastersJust 15% of Brits have put aside money to pay for Christmas, according to research published this week. Seven in ten (71%) plan to pay for Christmas using their regular monthly income, while 14% will put their Christmas spending onto a credit card. Nearly five million Brits are still paying off debts from last year’s Christmas, the study found. This year’s Christmas spending splurge is expected to hit £11 million, despite many Brits ...
November 21, 2009
Only half of Brits would be interested in finding out the ethical credentials of the next financial product they purchase, new research has discovered.
The EIRIS (Experts in Responsible Investment Solutions)-commissioned poll found that just 44% of the British public are curious to know whether or not their money is being invested ethically.
Of these, a quarter would discard the information ...
Only 50% of Brits care about investing ethically
by David Masters
November 13, 2009
Homeowners get the itch to move house every seven years, new research has discovered.
Co-operative Bank found the main reason people move house is to make room for a growing family.
Other popular reasons homeowners cited for moving included wanting to live closer to work, and getting bored of their current home.
One in six (14%) said the prospect of taking on new DIY projects ...
Homeowners suffer from seven-year itch
by David Masters
November 9, 2009
A study called “Precious Plastic” by accountancy firm PricewaterhouseCoopers (PwC) has found that while there has been a "cooling passion" for credit cards, bad credit card debts could jump as much as 9% of all outstanding balances by the end of 2010.
According to Richard Thompson, a partner at PwC, over the last year, “there has been a cooling passion ...
PwC expects hike in bad credit card debts
by Kay Murchie
Five buyers for every house on the market
by David Masters
