UK homeowners are being forced to slash asking prices in an effort to sell their properties, according to Zoopla.co.uk.
A study from the property website revealed that more than a third (36.7%) of UK homes currently on the market have been reduced in price at least once since being put up for sale. The average ...
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- Tuesday, February 7, 2012, 12:14
- Credit Cards, debt, Household Finances
The average UK household owes £7,900 in unsecured debt such as credit cards, overdrafts and store cards, according to a report from PricewaterhouseCoopers (PwC).
Although the typical British family managed to reduce their unsecured debts by some £355 in 2011 - making the last 12 months the third consecutive year that ...
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House prices rose by 0.6% in January, according to the latest Halifax House Price Index.
Despite the modest monthly increase, the price of the average property in the UK was down by 1.8% year-on-year to £160,907. The quarterly measure, which is preferred by some economists as a more accurate indicator of market direction, showed a ...
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- Friday, February 3, 2012, 11:24
- Household Finances, Identity theft
Junior bank workers who are not rewarded as lavishly as those at the top of their trade are increasingly topping up their meagre pay with ill-gotten gains.
Instances of crooked bank staff stealing money through theft or deception rose by more than 40% last year, according to CIFAS.
The anti-fraud organisation said that dishonest actions by ...
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- Thursday, February 2, 2012, 11:15
- Household Finances
If you’ve signed up for a lengthy gym contract you never use but can’t get out of, help could soon be at hand.
The Office of Fair Trading (OFT) has announced an investigation into unfair gym contract terms that could be in breach of consumer protection regulations. The OFT probe will also look into whether ...
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The winter freeze on house prices continued in January as property values fell for the second consecutive month, according to the latest data from Nationwide.
Average house prices fell by 0.2% last month after an identical drop was recorded in December. The fall leaves the average UK house valued at £162,228. Year-on-year, property prices were up ...
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- Tuesday, January 31, 2012, 11:17
- Economy, Household Finances
Average water and sewerage bills will rise by 5.7% from April, the water regulator Ofwat has announced.
The above inflation increase will bring the typical water bill to £376 per household, up by an average of £20. The 0.5% above inflation increase was considerably below the 10% rise in prices the water companies were pushing for, ...
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- Friday, January 27, 2012, 19:19
- Household Finances
The cost of raising a child to the age of 21 rose by 3.3% to£218,024 over past year, according to a study by LV=.
The insurer’s annual Cost a Child report found cash-strapped British parents now have to fork out £10,382 a year, £865 a month or £28.44 a day on each of their children. The ...
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- Monday, December 19, 2011, 16:02
- Household Finances
Twenty percent of UK households saw a fall in their income over the last quarter, according to Deloitte’s latest Consumer Tracker.
The tax consultant’s report on the state of consumers’ personal finances showed rising unemployment, soaring inflation and falling wages help to erode the amount of money coming into the average home.
Deloitte found that 7% of households ...
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- Wednesday, December 7, 2011, 13:27
- Household Finances
The UK’s poorest families will spend less than £100 on Christmas this year, according to a study by Family Action.
The charity’s Cut-Price Christmas report found that £182 is the lowest amount a family with two children should spend to have an expectable Christmas. This is less than a third of what the average UK ...
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