Key Quotes - Money

Key Quotes - Money

A world perspective in bite-size chunks
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Last update: Tuesday 18th December
 
Couples raising two children while working full time on minimum wage fall £49 short of a no-frills lifestyle, according to Child Poverty Action Group’s Cost of a Child report.
MoneyYouth and Children’s Work – October 2018
 
According to a new report the Treasury will lose more than £100m for each year that it postpones the cuts on Fixed Odds Betting Terminals (FOBTs). Earlier this year, after calls from politicians and charities (including CARE), the Government announced that it would slash the stake on the controversial betting machines from £100 to £2 per spin. Research has shown that FOBTs are often clustered predominantly in deprived areas, their presence deliberately targeting vulnerable people. The machines have also been linked to crippling debt, marriage and family breakdown and serious mental health issues.
MoneyCARE - 19th September 2018
 
The Queen’s annual expenditure soared by around 13% as a decade-long programme of renovations began at Buckingham Palace. The taxpayer funds received by the monarchy to pay for official duties and other expenditure – the Sovereign Grant – rose from £41.9 million to £47.4 million, with payroll costs, travel and property maintenance all increasing compared with the previous year.
MoneyThe Sentinel – 28th June 2018
 
The UK motor industry has warned that uncertainty over Brexit negotiations is “holding us back” as new figures show investment has been slashed by nearly half so far this year. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, claimed contingency planning, job losses and investment cuts are “the price we pay for slow decision-making. It’s ominous.”
MoneyThe Sentinel – 27th June 2018
 
Bank and building society branches are closing at an “alarming” rate of nearly 60 per month, according to Which?. The consumer group said analysis showed that between the start of 2015 and the end of 2018, 2,868 branches have closed or are scheduled to do so – averaging just under 60 per month. Which? collected bank branch closure data by tracking closure announcements.
MoneyThe Sentinel – 15th June 2018
 
£3bn is saved by the NHS every year thanks to the church and faith groups providing services for vulnerable people, according to a new study by the Cinnamon Network.
MoneyChristianity – July 2018
 
The number of self-made millionaires selling goods on eBay has increased by 300 in the past year, a study shows. The list of top businesses include home furniture and DIY, car parts, clothes and computers. There are now more than 1,000 so called eBay millionaires in the UK.
MoneyThe Sentinel - 16 May 2018
 
Between 1948 and 2010, the NHS budget rose, on average, four per cent above inflation. Austerity has limited that to 1.2 per cent, even though inflation is higher in medicine than elsewhere. All this come at a time when the population is ageing, and demand for health care is consequently rising. In 1948, life expectancy for men was 66, and for women 71. Today, it is 79 and 83 respectively.
MoneyChurch Times - 15th June 2018
 
Brexit has knocked real household incomes by around £900, the Bank of England governor has said.

MoneyThe Sentinel - 23rd May 2018
 
More than a million married couples who are eligible to receive the marriage tax allowance have yet to claim it, according to HM Revenue and Customs.
MoneyCARE Impact Direct - 6th July 2018
 
Four-fifths (80%) of the Post Office Travel Money’s top 40 best-selling currencies are now weaker against sterling than a year ago. Sterling’s biggest year-on-year gains have been against the Turkish lira and the Russian ruble.
MoneyThe Sentinel - 19th April 2018
 
Three out of 10 hospitals charge staff for car parking, new figures show. Doctors and nurses are expected to pay at 348 out of the 1,175 hospitals with parking facilities, according to NHS data. The highest average charge for staff is £2 per hour at both Edgware Community Hospital, London and Birmingham Children’s Hospital, analysis by motoring research charity the RAC Foundation revealed.
MoneyThe Sentinel - 9th April 2018
 
One in three adults struggle with basic maths tasks such as working out change on a shopping trip, according to new study. It suggests that adults in England and Northern Ireland perform worse on everyday numeracy tasks than those in many other countries.
MoneyThe Sentinel - 15th March 2018
 
Wage growth is set to outpace inflation this year and rise at its fastest rate since the 2008 financial crisis, according to a Bank of England survey. Private sector companies are expected to raise average pay by 3.1% in 2018, marking a jump from the better-than-expected 2.6% rise in 2017.
MoneyThe Sentinel - 15th February 2018
 
The poorest people in London pay, as a proportion of income, six times more in council tax than the highest earners, new analysis from the Institute for Public Policy Research (IPPR) suggests. The tax constitutes 8.1 percent of income for those in the lowest decile, and 1.3 percent for those in the highest.
MoneyChurch Times – 29 March 2018
 
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