Personal Finance News

Car insurance premiums soar by 15.7% in the past year

Drivers are facing accelerating increases in car insurance taking average premiums to £666 as Government compensation rules come into effect, new research from insurance research experts Consumer Intelligence shows. Average car insurance bills have increased by 15.7% in the past year – more than five times inflation – with nearly half the rise happening in the […]

Over 50s on staycation risk being left out of pocket

Research by Saga Travel Insurance has revealed that 350,000 over 50s have travelled without insurance in the last 5 years. With reports suggesting that the weakening of the pound is resulting in a rise in so-called ‘staycations’, the survey of almost 12,000 shows that of those not taking out cover almost eight in ten were […]

One in seven ‘borrow’ Wi-Fi to ease financial pressures

New research from Santander UK reveals that over seven million adult Brits (14 per cent) have used someone else’s Wi-Fi because they cannot afford their own. The study found that five per cent of people have ‘borrowed’ Wi-Fi from their neighbours because they couldn’t afford their own, Five per cent have spent time in a […]

Inflation squeeze hits UK households

The latest data shows UK inflation (CPI) grew by 2.9% in May 2017, up from 2.7% in April. This change in inflation leaves UK households collectively needing to find an extra £21.7bn a year to maintain their standard of living compared to 12 months ago, according to Retirement Advantage. Each household will typically need to spend […]

New travel friendly credit card for cheaper holiday spending

Holiday makers will see their money go further this summer after B, the digital banking service powered by Clydesdale and Yorkshire Banks, launched its travel-friendly credit card with no charges for overseas transactions. The card removes the typical 3% credit card foreign exchange fee for purchases abroad and allows customers to access competitive foreign exchange […]

People still stashing cash under their mattress

One in ten Brits still stash cash under their mattress, according to a new study by pension advice specialist, Portafina. The research, which polled more than 1,500 UK adults, looked at the average amount of cash carried, and hoarded at home, plus opinions on the impact of becoming a cashless society. With digital payment methods […]