Key Quotes - Money

Key Quotes - Money

A world perspective in bite-size chunks
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Last update: Monday 14th October
 
Nearly two thirds of the UK’s bank branch network has been lost over the past 30 years, analysis from Which? suggests…19% of people now live more than two miles from their nearest branch as the crow flies, while 8% have to travel more than three miles.
MoneyThe Sentinel – 16th November 2018
 
A debt help charity is seeing a growing number of people falling behind with fuel bills and a resurgence in the proportion of clients with high-cost credit such as payday loans. StepChange Debt Charity said the proportion of clients in arrears with council tax is also “stubbornly high”. In the first half of 2018, 13.1% of all new clients were behind on a gas or electricity bill compared with 11.4% in the first half of 2017.
MoneyThe Sentinel - 5 October 2018
 
Rents have risen 60 per cent faster than wages across England since 2011; private rents have gone up by 16 per cent over that period, while wages have only increases by 10 per cent.
MoneyThe Week – 11th August 2018
 
More than 14 million people, including 4.5 million children, live in poverty in the UK, according to a new measure designed to track its rate. More than half of that number – 58.2 per cent – live in what the analysis calls “persistent poverty”, where people are in poverty now, and have been for at least two out of the past three years.
MoneyChurch Times – 21st September 2018
 
Four million people have suffered from financial hardship as a result of paying for a funeral for a loved one.
MoneyChurch Times – 21st September 2018
 
Average earnings are still £13 a week lower than they were a decade ago. An economic think tank has reported. Just over two million more people have found work since the financial crash of 2008, with more than a million of those in the poorest third of households, the research by the Resolution Foundation showed. However, with 800,000 workers currently on zero-hour contracts, job insecurity is still “widespread”.
MoneyThe Sentinel – 22nd August 2018
 
Just over one in 10 adults over 55 have set aside money to cover the costs of any future care needs, the consumer rights group Which? has warned. A survey commissioned by the organisation found only 12% were saving in case they needed to pay for care in later years. Which? said the findings suggested any proposals in the Government’s forthcoming social care green paper which placed the burden on people to plan themselves for their future needs may be doomed to failure.
MoneyThe Sentinel – 20th August 2018
 
One million children belong to families in England who are getting into debt to pay for school uniforms, a study by the Children’s Society has found. The charity’s report the wrong blazer 2018, published last week, says that 13 per cent of parents surveyed were getting into debt over paying for school uniforms, up from seven per cent in its 2015 report.
MoneyChurch Times – 31st August 2018
 
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
 
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