Key Quotes - Money

Key Quotes - Money

A world perspective in bite-size chunks
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Last update: Wednesday 26th September
 
£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
 
Energy companies will soon be banned from back-billing customers for gas and electricity used more than 12 months previously. Ofgem said correct billing was an essential part of customer service, and large bills could leave consumers struggling financially. The average back-bill was £1,160 last year, but extreme cases have seen customers receiving bills of £10,000.
MoneyThe Sentinel – 5 March 2018
 
Nearly one in five people retiring in 2018 will be doing so in debt – owing £33,900 on average – a report suggests. Some 19% of people planning to retire in 2018 say they will be carrying some form of debt with them, with credit cards and mortgages the most likely sources of borrowing still left to pay off, Prudential found. Men are more likely to be expecting to retire in debt at 22% versus 16% of female retirees.
MoneyThe Sentinel – 2 February 2018
 
Failing to switch energy supplier has cost millions of UK households more than £1,500 over the past six years, campaigners have warned. Despite the possibility of saving up to £300 a year, a third of people (33%) say they do not see the point of switching because they believe all suppliers are the same, a YouGov poll found. Ofgem figures show that more than some nine million UK households did not change gas or electricity provider between 2012 and 2017.
MoneyThe Sentinel – 22 January 2018
 
The gap between the number of women and men paid more than £100,000 has widened by almost a quarter over the past five years, according to a new study. More than 625,000 men receive at least a six-figure salary compared with 155,000 women, research by law firm Wilsons found. The gap has increased by 23%, partly explained by mothers taking breaks to have children, said the report.
MoneyThe Sentinel – 22 January 2018
 
Consumer debt now stands at more than £200 billion, and that means an average of more than £3,000 of debt from car loans, personal loans and credit cards for every man, woman and child in the country.
MoneyChurch Times - 17th November 2017
 
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