You are here: Home - Household Bills - News -

Two thirds of brits say they can’t cope

0
Written by:
23/05/2008

An estimated two thirds of Brits say they won’t be able to cope if fuel prices keep rising, according to price comparison site Moneysupermarket.

Petrol prices have recently exceeded £1.10 per litre and gas and electricity prices have increased by 15%. Such sharp increases have caused many people to worry about their finances, said Tim Moss, head of debt at Moneysupermarket. “Rising fuel prices are a massive issue right now, in much the same way as they were during the fuel protests of eight years ago.

“Leading economists have been telling the Government it can afford to drop the price of petrol by nine pence per litre without having any effect on its bottom line. People are really starting to suffer and need help urgently,” he said.

Moss recommended consumers to take stock of their situation and reduce expenditure through cutting out non-essential items such as magazine subscriptions and pay TV.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
FEATURE: Don’t forget your toothbrush

There is plenty to arrange before you travel abroad, but what financial considerations should you be making? Barney McCarthy takes...

Close