Personal Finance News

22 Dec

Four in ten households planning to spend less on Christmas this year, although average spend is up

Four in ten households are choosing to scale back festive spending in 2021 compared to 2020, Paragon Bank research has revealed.   This is despite the average Christmas budget having increased by 12% year-on-year. The average household is scheduled to spend £580.30 in 2021 – this is up from £517.10 in 2020. Nearly one in […]

21 Dec

Thieves steal items worth an average of nearly £3000 in home burglaries

Burglaries and home invasions are serious incidents causing  fear and anxiety for tenants and homeowners. There were roughly 267,000 burglaries reported in England and Wales in the year up until March 2021, which although represents a significant decline over recent decades – still shows that burglaries are common in society. Undoubtedly, some areas are more […]

17 Dec

Almost 40% of Brits admit to binning Christmas presents

39% of people admit to having thrown away a Christmas present in the last five years, which equates to some 21 million people binning gifts according to research from Tesco Bank Average value of thrown away gifts is £59 The presents most likely to disappear into the rubbish bin: Beauty & bathroom products (e.g. aftershave, toiletries, bath […]

8 Dec

Almost half of UK shoppers are on the hunt for sustainable gifts this Christmas

This present buying season, nearly half (47%) of UK shoppers are on the hunt for sustainable Christmas gifts, worried that wrapped gifts will go unused and unwanted, according to new research from Tesco Bank. The desire to turn gifting green this Christmas rises among people aged 18 to 34, with over half (56%) wanting to […]

2 Dec

6.7 million have been impacted by a rogue trade in the last year

New research from Checkatrade has revealed that a staggering 6.7 million UK adults have been impacted by a rogue trade over the last year. Increasing demand for tradespeople, Brexit and the ongoing raw materials shortage have placed a huge amount of pressure on the home improvement industry, creating the ideal environment for rogue trades to […]

25 Nov

Grandparents set to spend more than £2.6 billion on grandkids this Christmas

The latest research from over-50s experts SunLife shows that grandparents will spend over £2.6 billion on presents for their grandchildren this Christmas. With around 5.8 million grandparent households across the UK celebrating Christmas this year, SunLife has revealed that total spend over the festive period will increase by nearly quarter of a billion pounds – and lucky […]

19 Nov

HSBC warns customers of purchase scams ahead of Black Friday

HSBC UK has teamed up with professional magician Troy von Scheibner in advance of Black Friday (26 November) to highlight some of the tricks scammers will play on shoppers. Troy von Scheibner said: “As a professional magician, my aim is to entertain using a specialist set of skills. However, these techniques can also be used by […]

18 Nov

Chase to offer customers 3% cashback on Amazon purchases this festive season

Digital bank Chase today announced it is offering 3% cashback on Amazon.co.uk spend until the end of 2021, to help customers make more of their Amazon purchases this festive season. The Chase current account already offers customers 1% cashback on all eligible debit card spend for 12 months*, but beginning today, Chase customers can benefit from an […]

15 Nov

Eight ways to stay safe on the road this winter

Ahead of Road Safety Week, Julian Hartley, Insurance Director at Tesco Bank, share his top tips on how you can stay safe on the roads this winter. Analysis of internal data by Tesco Bank Car Insurance revealed that claims for road accidents jump 8% in the week after the clocks go back and the bank […]