Key Quotes - Money

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Last update: Wednesday 25th March




Ottakar's sales jumped 34 per cent to £153.7m, while gross margin improved for the third year in a row to 42.4 per cent, up from 41.6 per cent, in the year to 31st January. Pretax profit rose 20 per cent to £6.1m. The 121 store chain reported like-for-like sales growth of 6.2 per cent to £90.7m, while its new and refurbished stores contributed 9.6 per cent to growth. The total increase in sales was £38.8m, including £24.4m from the former Hammicks stores, acquired in April 2003.
Money	Christian Marketplace - May 2004



Last month we paid 78.6p for a litre of unleaded, with three quarters going to the taxman, compared with 72.5p in Germany and 69.1p in France. The cheapest in the EU was 53.8p, in Greece. Motorists in the US paid only 26.7p. An RAC survey in March which showed the average annual cost of running a car rose by three per cent last year to £5,335 or 25 per cent of average income. The total contributed to the Treasury is about £42 billion, although only £3.7 billion is re-invested in roads and £3.7 billion in railways.
Money	The Daily Mail - 4th May 2004



Nearly 300 charities - claiming more than 300m supporters between them - have called on the Chancellor of the Exchequer, the Rt Hon Gordon Brown MP, to fulfil a promise made by the Government in 1970 to increase the amount of income spent on aid to 0.7 per cent.
Money	The Baptist Times - 1st April 2004



The US is giving around $22.3 million this year to help rebuild Rwanda and in 1995 the UK became a major bilateral donor, providing substantial long term funding for the government.
Money	The Church of England Newspaper - 8th April 2004



More than 70,000 residential care home places were lost between 2001 and 2003 because the owners could not meet the cost of new Government regulations.
Money	The Church of England Newspaper - 8th April 2004



Ethiopia needs an additional $700 million debt relief to become sustainable. However this recommendation is being blocked by key international creditors - the US, Germany and Japan. As a result of this, Ethiopia will lose $700 million in additional debt and, therefore, is not eligible for new loans, including a concessional - low cost - loan of $1 billion promised by the World Bank. Furthermore, she will be obliged to divert an additional $35 million a year from essential services into debt repayments.
Money	Scottish Catholic Observer - 9th April 2004



Recent studies in the UK have shown that only 67 per cent of the population give to charity. In 2002, those who did gave an average amount of £13 per month. Charity researchers also discovered that women generally give more than men by almost £1.50 per month and are more inclined to give in the first place.
Money	Christian Herald - 10th April 2004



Research shows those aged under 40 are rarely systematic in their giving, unlike their parents who were and are more inclined to give on a planned basis. Regular support provides a bedrock on which a chrity can build.
Money	Evangelicals now - May 2004



Some facts on Africa's Third World debt: Today, Africa's external debt stands at a staggering $333 billion. African nations pay £1.51 in debt service for every $1 received in aid. African nations have paid their debt three times over in the past ten years alone, yet they are three times as indebted as they were ten years ago. African countries are paying more on debt service than on health care for their people, regardless of debt relief- the average spending per person on debt service is £14 per person, while the average spending on health is less than $5 per person. External debt per capita for sub-Saharan Africa - not including South Africa - is $365, while GNP per capita is just $308. If governments invested in human developments rather than debt payments, an estimated three million children would live beyond their fifth birthday and a million cases of malnutrition would be avoided.
Money	Scottis Catholic Observer - 5th March 2004



In the Democratic Republic of Congo (DRC) 40 per cent of the country's revenues are used to service its debts to rich Western creditors even though these resources are badly needed for health, education and restructuring. Only by cancelling the debt can the country start a journey towards recovery. Currently the British Government gives just over 0.3 per cent of its gross domestic product (GDP) in aid. It has pledged to increase that figure to 0.7 per cent. SCIAF is calling for a timetable to be set for this change.
Money	Scottish Catholic Observer - 5th March 2004



A report funded by Oxfam titled Hard Times stated: Peak District farmers... earn just £7,482 per annum and work on average 58 hours a week... they earn about £2.50 an hour, which is almost £2 below the legal minimum hourly wage level.
Money	Salvationist - 20th March 2004



illions of tea producers not selling to the Fairtrade market are currently being hit hard by the huge fall in tea prices - almost half in real terms - since the 1970's. The Times of India recently reported that hundreds of thousands of jobs have been lost due to a 22 per cent price plunge.
Money	Enough - Issue 6 2004



At a factory in Southern India, twelve year old Raj is forced to work, closing the ends of cigarettes. An average day lasts 15 hours, starting at 6am and finishing at 9pm. An average working week is six days. He gets two five minute breaks a day, if he is lucky. His pay depends on the number of cigarette ends he closes - the goal being 3,000 a day. His family is meant to use this to repay a moneylender's loan. But Raj's wages are so low (approximately 30 pence a day), and the interest charged on the loan is so exorbitant, that he has no hope of ever clearing the outstanding debt.
Money	Enough - Issue 6 2004



Nearly half of the country's workforce of 3.9 million people earn less than £7,500 a year, while the number of people earning in excess of £40,000 has leaped by 70,000, from 140,000 in 1996. The figures, gathered from data collected in the 2001 census, have been condemned by Mr Slack who said they "shamed our nation".
Money	Baptist Times - February 26th 2004



The cost of the average wedding in the UK has increased 29% since 2001 to £17,739, according to a survey. Honeymoon costs have risen 5% over the same period to £3,571, with the hottest destinations being Asia and the Far East, according to the brides magazine.
Money	The Sentinel, Feb 24th 2004.

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