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 [...]
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 [...]
After a year of price rises, million-pound fines and investigations into the energy industry, consumers have had enough. Figures from uSwitch.com reveal that two thirds of consumers are dissatisfied with their energy supplier’s service. Ann Robinson, director of consumer policy at uSwitch, said: “Consumers are never going to be happy with suppliers when prices have [...]
It might be easy to haggle over prices when in overseas souks and markets, but most of us are reluctant to quibble about the cost of goods and services back home. Research by the online shopping company InvisibleHand shows that three quarters of us are too shy to haggle for a better price in the [...]
With British Telecom customers facing price hikes, look at ways to keep your bill down. Check with your current provider If you have just moved house and signed a new contract for your landline or have a package, check whether you are at the end of the contract. If you are not, you may well [...]
Britons are stuck in a rut when it comes to their mobile phone provider, with almost 20 million having never switched their service provider and as a result missing out on significant savings. With new and competitively priced mobile tariffs launched almost everyday, Which? Mobile is warning that millions of people could be missing out [...]
If you are feeling overwhelmed by a mountain of debt, you may be able to avoid insolvency by taking measures to reduce the amount that you owe. 1. Don’t Put Your Head In The Sand If you have mounting debt, ignoring the problem will only make it worse. If you are struggling to make monthly [...]
The Financial Services Compensation Scheme (FSCS) is launching its first ever TV and advertising campaign, to raise awareness among consumers about how their savings and investments are protected. This new campaign comes as the FSCS beefs up the protection available to savers. From the January 1 this year, the FSCS will guarantee the first £85,000 [...]
Consumer confidence fell after the Government announced its £81bn package of austerity cuts, a leading barometer showed. Increasing fears for the future dragged the GfK/NOP Consumer Confidence Index, carried out behalf of the European Commission, two points lower to a reading of -21 in November. People’s confidence in the health of their personal finances in [...]
With bank accounts actually losing you money, we look at other ways to put your cash to work. This week’s inflation figures painted a bleak picture for those of us who do the “responsible thing” and put money aside for a rainy day. With CPI (the Government’s preferred measure of rising prices) at 3.2pc, and [...]
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