economy

The uncertainty around the pandemic has triggered more financial worry in Brits

60% of Brits are feeling stressed over their financial position

Since the global outbreak of COVID-19 began in early 2020, many Brits have experienced extra financial pressure. To help understand how Brits are coping, Blacktower Financial Management has taken a closer look to uncover which cities are most concerned about the monetary implications of the pandemic, as well as those saving more now than ever before.

The UK has been one of the world’...

40% of millennials have been spending more since the base interest rate fell to 0.1% in March

Over half of millennials parting with their savings to boost struggling economy

More than half of millennials plan to spend some or all of their savings to give British businesses and the struggling economy a boost, according to new research from NerdWallet .

The personal finance platform commissioned an independent survey of over 550 millennial savers (aged 18-34). It found that the average millennial has £8,675 in savings.

The research revealed that...

woman shopping

Eight out of ten people will continue to shop locally more often

Eight out of ten consumers who shopped locally during the coronavirus lockdown intend to continue their new habit once the crisis is over, a new co-op study shows.

One in three (30 per cent) say they have used local retailers more since the pandemic struck and 80 per cent of them aim to carry on shopping this way in the future, according to a YouGov poll released today (18 June 2020...

Home improvements

More than half of Brits prioritising home improvements post-lockdown

Over half of Brits are prioritising plans to update their home as the Covid-19 restrictions continue to be eased in the UK, with one in eight expecting to spend money on improvements within the next six months.

According to the research commissioned by Safestyle , 55 per cent of UK adults are prioritising home improvement plans, with around a quarter intending to redecorate inside (...

Want to save money? Nine things to stop buying in 2020

Convenience items often seem great at first glance – we can eat a hot meal straight from the microwave, brew a cup of coffee at the touch of a button and have a new outfit delivered to our door overnight.

While all of this is good for saving time and making life a little easier, it’s probably not so great for your finances.

If you’re looking at your bank balance after a low-...