Mobile communications company Vodafone and payments network Visa have announced that they’re teaming up to bring mobile payments to more than 30 countries. Together, the companies are developing a mobile wallet that will allow Vodafone customers to use their phones to make point-of-sale purchases through Visa prepaid accounts. The mobile wallet will use near-field communication [...]
Office of Fair Trading will visit 50 major payday lenders amid concerns some firms are taking advantage of vulnerable people Payday loan companies will come under fresh scrutiny after the Office of Fair Trading (OFT) launched a review of the sector amid concerns some lenders are taking advantage of people in financial difficulty. However, consumer [...]
British consumers have cut back on the amount of food they buy, but are purchasing more clothes, according to official figures which highlight the radical change in spending in the wake of the recession. The average family is still spending less than before the recession, with each British household cutting back on £35 a week [...]
The average household in China has four times more savings than the average household in the UK, new research shows. According to Lloyds TSB, the typical British household has £5,000 in savings and investments. This compares to over £19,000 in China. German households, meanwhile, have average savings of almost £9,000. The bank said that the [...]
Consumers in England and Wales will pay an average of 5.7%, or about £20 more, for their water bills in 2012-13 following charge increases announced by the economic regulator of the water and sewerage industry, Ofwat. But Southern Water, which is installing meters in all its customers’ homes after Kent, Hampshire and Sussex were designated [...]
Cash-strapped families could save up to a third off their weekly grocery bills if they replace fresh fish, meat and vegetables with frozen equivalents, research shows. The research, by Sheffield Hallam University, showed that a basket of frozen family groceries cost just £15.45, whereas the same items bought fresh would cost £23.25. By opting for [...]
Online retail sales increased by 14% last year to more than £50bn, with predictions that the growth will continue to hit high streets, according to a new report. Shopping comparison website Kelkoo predicted a similar increase this year, well above the expected 3.65% rise in total retail sales. Online shoppers spent an average of just [...]
Increasing numbers are cutting back on their food spending to help cover their rent or mortgage costs. Shelter said that the figure is a 44pc rise since 2008, as people have had to cut back on essentials to cope with the squeeze on their incomes, the charity said. Just over one in five people surveyed [...]
UK inflation dropped sharply in December, with the biggest one-month fall in the consumer prices index since April 2009. CPI fell to 4.2%, from 4.8% in November, according to the Office for National Statistics. This was in line with expectations. It is now at the lowest level since June last year, with CPI reaching a [...]
Energy company E.On is to cut its standard electricity prices by 6%, from Monday 27 February. It becomes the fifth of the big six energy companies to announce price cuts for either gas or electricity in the past few days. E.On said it too was responding to a recent dip in wholesale energy prices. It [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. 