Key Quotes - Money

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Last update: Wednesday 25th March




Developing countries’ debt payments increased by 85 per cent between 2010 and 2018, new data from the Jubilee Debt Campaign, published last week, shows. The average government external-debt payments across the 124 developing countries for which data was available had increased as a percentage of government revenue from 6.6 in 2010 to 12.2 in 2018, the campaign said.
Money	Church Times



Motor insurers are typically paying out more than £1 million a day following a “worrying” surge in vehicle thefts – including keyless car crime. One new vehicle theft claim is now being made every six minutes on average, the Association of British Insurers said.
Money	The Sentinel, 28th March 2019



The number of children living in poverty has remained at more than four million while household incomes “stagnated” last year, figures reveal. Data from the Department for Work and Pensions showed that 4.1 million children in the UK were classed as living in a relative low-income household after housing costs in the past year, unchanged from the previous 12 months.
Money	The Sentinel, 29th March 2019



Developing countries’ debt payments increased by 85 per cent between 2010 and 2018, new data from the Jubilee Debt Campaign, published last week, shows. The average government external-debt payments across the 124 developing countries for which data was available had increased as a percentage of government revenue from 6.6 in 2010 to 12.2 in 2018, the campaign said.
Money	Church Times, 12th April 2019



Householders who sign up to combined TV and broadband packages are being hit with loyalty penalties of up to almost £700 a year, a consumer watchdog has warned.
Money	The Sentinel, 11 January 2019



Inflation has fallen to its lowest level in two years and within a whisker of the Bank of England’s target due to a drop in petrol prices and air fares.
Money	The Sentinel, 17 January 2019



Millions of Britons, many of them pensioners, could be left struggling to pay for essentials in a "cashless landscape", a report warns. Cash machines vanished at a rate of 488 a month from June to December 2018, according to figures obtained by consumer campaigner Which?
Money	The Express 12th February 2019



New rules around gambling advertising do not go far enough, according to campaigners. Under the updated standards, gambling companies will no longer be allowed to use celebs, sports stars or cartoon characters to attract young people to bet. The Committees for Advertising Practice (CAP) said the new rules were about protecting children from irresponsible advertising.
Money	CARE 13th February 2019



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.
Money	The 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.
Money	The 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.
Money	The 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.
Money	Church Times – 21st September 2018



Four million people have suffered from financial hardship as a result of paying for a funeral for a loved one.
Money	Church 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”.
Money	The 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.
Money	The Sentinel – 20th August 2018

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