Key Quotes - Money

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Last update: Wednesday 25th March




The reduction in the basic rate of tax to 20% from 2008 is bad news for charities. Tax reclaimed on Gift Aid donations will be reduced, costing the sector millions of pounds. There was, however, a glimmer of hope for churches and heritage buildings facing huge maintenance and restoration costs. The Chancellor said that he would examine the help that can be given to churches that are at the heart of many communities.
Money	Evangelicals Now – May 2007



The cost to patients of making phone calls from their hospital bed will rise by 160 per cent today. Patientline, which charges people to make phone calls and watch television in hospital, is to increase its call charge from 10p a minute to 26p. It said it was necessary because it had never made a profit despite investing £160 million in the system. Many patients and NHS staff feel the charges are unfair.
Money	The Sentinel – 4th April 2007



Annual House price inflation dipped below 10 per cent in March amid tentative signs of a cooling market. Nationwide Building Society said the value of a typical home in the UK increased by 0.4 per cent during the month, down from the 0.6 per cent recorded in the previous month. The average cost of a house in the UK now stands at £177,083.
Money	The Sentinel – 28th March 2007



Same-sex couples have spent more than £60 million getting "married" in civil partnership ceremonies, according to a survey. More than 15,000 gay and lesbian couples have tied the knot since the law changed in 2005 allowing them to be legally joined. A survey has found they have spent on average more than £4,000 on the ceremony and received £4,400 in presents.
Money	The Sentinel – 26th March 2007



British workers received £24 billion in performance related bonuses over the past 12 months. A report from financial services provider Birmingham Midshires found that in the last year, 29 per cent of employees received a financial "pat on the back".
Money	The Sentinel – 23rd March 2007



Average pay deals have maintained an eight year high of 3.5 per cent so far this year. A study of 261 settlements covering more than 250,000 workers showed manufacturing workers had benefited most from the bigger pay rises. Industrial Relations Services said the average increase was 3.5 per cent this year compared with three per cent in the past few years.
Money	The Sentinel - 20th April 2007



More than 10 million grown up children have tucked into their parents personal savings.
Money	The Sentinel – 5th March 2007



London and Hampshire have the greatest concentration of wealthy people in the UK. The capital is home to 13% of the wealthiest individuals in the country, while 8% live in Hampshire. Cheshire being famed for being home to sports stars, is 11th with 2.7% of the nation’s wealthiest people.
Money	The Sentinel – 5th March 2007



Almost a fifth of indebted consumers are considering insolvency as a way out of their money woes. Research from debt consultancy firm Thomas Charles found that 19% of adults with debts of £10,000 or more report some likelihood of becoming bankrupt to taking out an individual voluntary arrangement.
Money	The Sentinel – 1st February 2007



The true cost of a mortgage has increased by a third since 2003. Research found that the current average annual cost of a mortgage is £6,284, compared to £4,711 in the 2002/03 financial year. Average mortgage rates over that period have increased to 5.41%.
Money	The Sentinel – 21st November 2006



The price of a funeral in the UK can now be as much as £3,300 for burial and almost £2,000 for cremation. Since the year 2000, the average cost of a funeral has increased by an average of 61% in the UK.
Money	The Universe – 24th September 2006



Youthful dreams of a fairy tale retirement are not met by the realities of trying to make ends meet a new report states. Research has found that under 25’s are looking forward to enjoying their autumn years, but many have not yet considered the truths of life as a pensioner.
Money	The Sentinel – 6th October 2006



Final year medical students owe an average of more than £21,000 each according to a new survey.
Money	The Sentinel – 9th November 2006



The cost of bringing up a child has rocketed to £180,000. The new estimated cost to parents is £180,137, equivalent to £23.50 a day. Childcare and education are the biggest expenditures costing $49,092 and £46,778.
Money	The Sentinel – 9th November 2006



Motorists pay £2,202 a year to keep their car on the road, a survey has shown. The cost of running a car has risen by 7.2% from £2,053 last year, as petrol prices eat into drivers’ wallets. Fuel costs now set drivers back by an average of £1,226 a year.
Money	The Sentinel – 5th September 2006

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