Household Budgets
Study warns Brits underestimate cost of key events by £132kUK consumers are vastly underestimating the cost of life’s major events including getting married, raising a first child or going to university, a study reveals. |
Boom years under Labour fuelled by household debt and borrowingA new report from the National Institute of Economic and Social Research (NIESR) says that the economic boom of the new Labour years was fuelled by overborrowing. |
Tesco promises improvements after fall in UK profitsTesco is to spend £1 billion on a revamp of its stores across Britain after reporting a drop in UK profits for the first time in more than 20 years. |
Brits need an extra £7,000 a year to live well, study showsPeople in the UK feel they need an extra £7,236 a year to live happily and comfortably, latest research by Aviva suggests. |
Nationwide: Confidence at highest level for five monthsConsumer confidence reached a five month high in January after ending 2011 close to an all time low, according to data from Nationwide. |
The cost of raising a child reaches £218,000Parents are having to spend more money on raising a child than their counterparts did just nine years ago, LV= has found. |
Markit: UK household finance index at best level for 13 monthsMarkit's latest Household Finance Index reports an improvement in the economic outlook as UK households believe inflation is falling and their finances will improve in 2012. |
Millions cut back on essentials to pay mortgagesFamilies may be going without food and heating as they struggle to pay mortgages. |
Families with children to be hit hardest by falling incomeDeclines in income will be worst for families with children, according to new predictions. |
Average UK household is £550 a year worse off than in 2010The rise in VAT, energy bills and low wage increases have made the average UK household £46 a month worse off than in 2010, according to a new Bank of England report. |
UK households suffer fastest drop in incomes for nearly 3 yearsHouseholds in Britain have seen a sharp drop in disposable income and a further deterioration in their financial situation last month, according to a new study. |
Ofgem pledges to simplify energy market tariffsOfgem is keen to bring in new measures as quickly as possible that would allow consumers to get better deals on gas and electricity. |
IFS autumn statement analysis reveals poorest hit hardestLow-income households with children could be hit hard by the changes announced in the Autumn Statement, sources have warned. |
Bank of England lending data confirms UK households coy on debtBritons appear reluctant to borrow and eager to reduce their debt in new data provided by the Bank of England. |
Reduction in fuel costs not being passed onto diesel customersThe AA reports that whilst petrol customers are paying less for a litre of fuel, diesel customers are not as the gap between the cost of a litre of both reaches 7.25 pence. |
Finances worsened 'for 40% of households' in AugustHousehold finances worsened in August to the lowest level since its index began in 2009, Markit has revealed. |
Financial doubts lead 20m consumers to cut spendingA greater number of Britons are making cutbacks as AXA UK reveals 'financial pessimism' is taking hold across the country. |
Spending cuts hit bars, restaurants and hotelsBars, hotels and restaurants are bearing the brunt as consumers cut down on their discretionary spending. |
High street sales still subdued, says CBIThe CBI has reported above-expectations retailer performance in mid-May, but warns that the sector is still seeing only subdued growth. |
One in four Brits driven to financial breaking point by inflationInflation takes weekly outgoings to an unmanageable level for a quarter of British families. |
Tax cuts could boost economy and family financesThe future of the UK economy could be built on tax cuts, rather than rises. |
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