Who is telling the truth – Brown or Darling?
For many months now both consumers and industries have been concerned about the slowdown that has hit the UK’s economy. With the nation hitting a period of stagflation, which is a toxic combination of stagnant economic growth and soaring inflation levels, it seems that the nation has been thrown into chaos. Even the Monetary Policy Committee and the Bank of England have been at loggerheads over recent months with regards to the movement of the base rate, with some wanting to increase the rate to curb inflation and others wanting to cut the rate to boost the economy. Read more
Tags: Labour Party, economics, United Kingdom, Alistair Darling, Labour
Average family pays £42 per day in bills
March 5, 2008 by admin
Filed under News, News-Banking
The average family in the UK is spending up to £42 per day on bills, a figure which is expected to rise further according to new figures. 
Findings from Data show that the cost of primary bills has risen to £3,426 a year for the typical UK household, which is expected to increase more when the council tax and water bill increases arrive.
Added to the average mortgage costs, which equate to £12,000 per year, the average household bill works out at over £15,000 per year – or £42 per day.
Moira Haynes, a spokeswoman for Citizens Advice, said: “Our debt inquiry figures suggest that growing numbers of people are not only finding themselves over-committed on credit cards, loans and overdrafts, but are also struggling to meet day-to-day living expenses.”
Despite being the lowest increases for 14 years, a survey from the Times showed that the average council tax rise will be 3.9 per cent, which equates to an additional £52 per month on a band d property.
