Family Finances
Markit HFI shows squeeze on UK household finances intensifiesThe latest Markit household finance index shows that the squeeze on finances grew in April, particularly for people who rent and are on low incomes. |
Millions of people have no mortgage or rent safety netHousing charity Shelter has warned that 8 million people are just one payday away from not being able to pay their mortgage or rent. |
Average UK household wealth up by £86,000 since 2003The total wealth of UK households has risen to £7 trillion with an average increase of £86,000 per household but it is the rich who have been getting richer, according to new research. |
Fuel sales down 10% in 5 years as motorists hit by high pricesOverall fuel sales have fallen by almost 10% since 2007 as motorists use less due to high prices and opt for fuel efficient vehicles. |
10 top tips to start saving money on your energy bills nowFinding ways to keep energy costs down is one of the most difficult challenges for households in the UK. Check out these practical top 10 tips to start saving now! |
Millions of UK households face compulsory water bill price hikesNext week will see higher water bills landing on millions of UK households doormats as Ofwat raises charges to help pay for infrastructure improvements. |
Private sector earnings grow for first time since June 2010The latest Markit household finance index shows that Brits are more optimistic about their financial situation for 2013 but expectations are still low. |
Living costs rise 4x faster than wages as Brits fear budgetNew research shows that since 2008 living costs have risen four times faster than wages and most UK households believe next week's budget will make things worse. |
15 million Brits not currently saving any money at allUK household savings have fallen, according to a new report by Scottish Widows that shows 57% have cut back on savings and a third of people make no savings at all. |
Markit household finance index shows poorest in UK losing outThe latest Household Finance Index from Markit shows that the squeeze on incomes is set to continue in 2013 and hit the poorest sectors of society the hardest. |
King says high inflation partly due to government policySir Mervyn King said that high inflation was partly down to government policy as he presented the Quarterly Inflation Report raising the inflation forecast and cutting growth predictions. |
Squeezed middle face a further decade of falling incomesA new report by the Resolution Foundation predicts that even with healthy wage growth it will be another 10 years before millions of households get back to 2008 living standards. |
Weekly shop would cost £453 if food prices tracked house pricesA study by Shelter reveals that if food price inflation had risen at the same rate as house price inflation in the last 40 years the weekly shop for a family of four would cost £453. |
Water bills to rise by 3.5% from April to £388 a yearOfwat, the water regulator, has confirmed that the average annual water bill will rise by 3.5 per cent from April, taking the annual cost to £388. |
700,000 working people face council tax increaseFrom April 1st, up to 3.2 million working age people face paying between £96 and £555 in Council Tax after benefit changes are introduced. |
51% of Brits owe an average of £3,200, says ONSOfficial figures from the Office for National Statistics show that household debt increased by 10.3% between 2008 and 2010 and is likely to have risen further since then. |
Cost of raising a child increases to £222,000 in 2013A new study by insurer LV= says that the cost of raising a child to the age of 21 has risen by 58 per cent in just 10 years, from £140,398 to £222,458. |
Govt admits benefit changes will push 200,000 children into povertyA government minister has admitted today in the House of Commons that the benefit changes will push 200,000 children into poverty. |
One-third of Brits cannot afford to pay unexpected billsA new report on poverty and social exclusion shows that it is increasingly difficult for UK households to pay regular bills and meet emergency costs. |
How will personal finance trends affect your finances in 2013?Myfinances.co.uk presents the second part of our in-depth analysis of how your finances will be affected in 2013 focusing on the likely trends in personal finance in 2013. |
IFS warns 820,000 families will lose £1,300 in child benefitThe Institute for Fiscal Studies has warned that 820,000 families will lose £1,300 a year in child benefit with another 300,000 set to lose some of the benefit. |
New Year aim for Brits is to get fit but not by joining a gymGetting fit and saving pennies are the top priorities for Brits in 2013 but the two aims are in conflict as a majority say they will save money by not being a member of a gym. |
Working mums pay one third of annual salaries on childcareA new study reveals that parents with one child who receive no help with childcare have to work for four months just to pay childcare costs. |
Inflation means household essentials rise to record £483pwOfficial data from the Office for National Statistics (ONS) shows that the average UK household spent £483.60 a week in 2011, up by £10 from 2010. |
Markit: UK household finances at most optimistic for two yearsThe latest Markit Household Finance Index shows the slowest deterioration in UK household finances for two years with savings under less pressure and the outlook improved. |
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