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February 2008

Date Title
 
11/02/08     TIDE IS TURNING AS BRITS DIG DEEP TO PAY UPRONT FOR SUMMER HOLIDAYS – MAJOR MONEYNET.CO.UK SURVEY SHOWS BUY NOW PAY LATER CULTURE ON THE WAY OUT

Survey of 2,770 Moneynet.co.uk users shows change of attitude to borrowing – but stubborn minority clinging to plastic

  • 83% planning to go on holiday this year
  • 77% using earnings or savings to pay for it
  • Lack of funds biggest reason for minority not going away
  • More put off going away by effort involved than security worries
 THE CREDIT squeeze has failed to dampen the UK’s holiday spirit but the majority won’t be getting into debt to pay for it, according to new research by data comparison website Moneynet.co.uk.

Press Release 11 February 2008


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Richard Brown, Chief Executive: 0208 313 9030

David Andrews/Cathy Tully, David Andrews Media Ltd: 07941 255855 / 01273 774109 / 07747196854

Consumer enquiries: 0208 460 2833 / www.moneynet.co.uk

Moneynet.co.uk is the UK's longest established online personal finance research and data analyst company. The company offers consumers a choice of thousands of low cost financial services products. From mortgages, personal loans to motor, home and medical insurance, credit cards, savings accounts and best buy fixed rate products, Moneynet is one of the most comprehensive online services of its kind in the UK. Founded by chief executive Richard Brown, the Moneynet brand is destined to become one of the UK's major players in consumer finance products.

A DAVID ANDREWS MEDIA LTD
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