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 [...]
Unemployment has hit a 17-year high today after an 118,000 increase in the jobless total, signalling yet more misery for job seekers. The number of jobless Britons soared to 2.68million in the three months to November, giving the UK a jobless rate of 8.4 per cent – the worst since the summer of 1994. Young [...]
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 [...]
Energy giant npower has announced it is to cut its gas prices by 5% from the beginning of February. The cut will apply to all customers on standard and capped tariffs. It comes after similar moves by rivals to lower energy prices. Britain’s biggest energy supplier British Gas said it would cut electricity prices, effective [...]
Energy companies British Gas and SSE both cut prices in the wake of EDF’s move on Wednesday – but consumer groups say the cuts still go “nowhere near” cancelling out earlier price hikes. The price cuts will bring relief to cash-strapped consumers, the energy giants say. British Gas has cut electricity bills for more than [...]
Britain’s “big six” energy suppliers received over four million complaints from customers over the past year, according to new research from Which?. The consumer champion found that 90% of grievances against power firms were not taken to the energy ombudsman and that tens of thousands of complaints remained unresolved after eight weeks. Which? estimates that [...]
The number of people seeking help from free debt advice agencies has risen in the last year, a new survey shows. Some 1.54 million people sought help with excessive borrowing in 2011, compared with 1.4 million the previous year, the study by the Money Advice Trust has shown. Figures also show around 10 million individuals [...]
Britain’s powerhouse services sector picked up pace in December, dampening fears that the economy is heading back to recession. The Purchasing Manager’s Index (PMI), released by Markit and Chartered Institute of Purchasing and Supply, showed activity in financial services, hotels, restaurants, hairdressers, transport and communications, grew at its fastest pace since July. The figures highlight [...]
© 2009
Finance Behavior. All Rights Reserved. Terms under which this service is
provided to you. Privacy Policy. Advertising Practices. 