Key Quotes - Money

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Last update: Wednesday 25th March
 
Women are more likely than men to be responsible for household finances, according to new research from Child Trust Fund (CTF) provider, Family Investments.
MoneyInspire - Issue 28
 
Debt advice agencies are reporting a rise in clients who appear comfortably off. Transact, a financial inclusion body, is blaming years of cheap credit for people borrowing more money than they can afford to repay. The charity said that in the past it was mainly poorer people who turned to free debt help. But more professionals and homeowners are struggling to cope.
MoneyThe Sentinel May 19th 2008
 
The cost of looking after ourselves is on the increase. As well as rising fuel prices, the price of wheat has more than doubled in the past 12 months and rice has gone up by 70 per cent. Infact a glance in the weekly shopping trolley shows that many items are now more expensive than they were last May.
MoneyThe War Cry 3rd May 2008
 
Debt is forcing families to miss meals, on to medication and causing marriages to end, a national charity has found. Christins Against Poverty (CAP), the specialist debt counselling charity, said the strain put on families by personal debt is pushing many to crisis point. In research among its client ...CAP found that almost a quarter (23 per cent) said that debt caused their break down. In a worrying development, 67 per cent also confessed that they had missed meals to make debt repayments.
MoneyThe Baptist Time May 2008
 
American investor and philanthropist Warren Buffett has taken the title of the world’s richest man away from his friend Bill Gates after 13 years, business magazine Forbes said. Mr Buffett’s wealth hit 62 billion dollars (£31.2bn) as the price of Berkshire Hathaway stock surged and he topped the list of dollar billionaires.
MoneyThe Sentinel – 6th March 2008
 
MP’s have criticised HM Revenue And Customs for giving senior staff big bonuses increases in the last tax year. The bonuses went up by an average of 60% during a year when complaints about tax credits rose, and VAT processing targets were missed. The Treasury Select Committee said the payments were “completely unjustified”.
MoneyThe Sentinel – 7th March 2008
 
Pay rises are edging up, with most recent deals worth at least 4%, according to a new report. Settlements in the first 3 months of the year matched the 3.5% average in 2007, but higher awards are being made this month. A study of 30 deals this month shows that two out of three were worth 4% or more.
MoneyThe Sentinel, April 11th 2008
 
According to the online survey, carried out at bbcgoodfood.com, 87 per cent of respondents bought a Fairtrade product every week or every month. This finding supports figures from the Fairtrade Foundation which show that sales of Fairtrade products have increased by 40 per cent or more each year since 2002, to an estimated £430m in 2007. But the research also found that 80 per cent of consumers think that brands carrying the Fairtrade logo work directly with growers and build long-term partnerships and reinvest in grower trainging and development. In fact, the Fairtrade mark simply guarantees a fair and stable price for farmers and an extra permium to help improve their lives. Only a small number of brands go further than the Fairtrade standard, including Cafédirect and Divine Chocolate.
MoneyThe War Cry April 19th 2008
 
Office of Fair Trading (OFT) investigators have contacted manufacturers of leading household brands as part of an inquiry into alleged price fixing. Procter & Gamble, Unilever, GlaxoSmithKline, Coca-Cola and Kimberly-Clark confirmed that they recieved visits or letters from the competition watch–dog last week.
MoneyThe Sentinel April 29th 2008
 
A Christian bank has handed out £87,000 of it’s profits to charities and churches – and has long term plans to give away £1million. Kingdon Bank revealed the generous gifts after reporting operating profits of £222,000 last year.
MoneyJoy May 2008
 
À hike in the driving test fee could lead to a decline in young learners, a survey shows today. The standard driving test charge rises16.5 per cent to £56.50 from tomorrow, with the theory test’s price increasing 5.3 per sent to £30. Britons are now likely to spend more than £1,337 each learning to drive, insurance company uSwitch.com found.
MoneyEvening Sentinel - March 31st 2008
 
Families are an average of £7 a week worse off than they were a year ago as rises in the cost of living continue to eat into their incomes, figures showed today. Households earned around £17 a week more before tax during February than they did a year earlier, but this increase was more than offset by a £24 jump in the weekly cost of essentials such as food, transport and fuel. As a result people had an average of just £133 a week left to spend on leisure and entertainment after meeting their essential outgoings, according to research carried out for Asda.
MoneyThe Sentinel - 27th March 2008
 
Recessionary fears saw consumer confidence sink for the seventh month in a row in March to stand at its lowest level for 15 years. The GFK NOP barometer of UK confidence scored minus 19 this month, down two points from February and the lowest level since February 1993. Researchers said fears of a recession in the US and a corresponding downturn in the UK, as well as wild swings in the stock market have
created the gloomy feel.
MoneyThe Sentinel - 28th March 2008
 
Marks & Spencer is launching a new drive to encourage customers to recycle old clothes.
The high street chain has teamed up with Oxfam to reduce the one million tonnes of clothing sent to landfill each year.
Customers who donate unwanted M&S clothes to Oxfam will get a £5 voucher in return.
MoneyThe Sentinel – January 15th 2008
 
Energy firm EDF has became the second supplier to announce inflation-busting gas and electricity price rises.
The French-owned firm, which has 5.5million account holders in the UK, said it was having to up gas prices by 12.9% and electricity by 7.9% from Friday due to soaring wholesale energy costs.
Eva Eisenschimmel of EDF said: “We regret any decision to raise our prices.
“Despite soaring wholesale energy prices, higher distribution costs and increased environmental obligations, we have been able to substantially limit the impact on our customers.”
She added: “We will continue to work very hard to mitigate the effect of rising costs for our customers through energy efficiency advice and our range of products.”
Earlier this month, Npower announced price hikes of 17.2% for gas and 12.7% for electricity in a move that hit more than 4 million households.
MoneyThe Sentinel – January 16th 2008
 
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