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Bills take priority for many households
Sep 16 2008Meeting monthly financial outgoings is now the biggest priority for nearly half of households in the UK, a new study has shown.
According to research by Abbey, 41 per cent of Britons it surveyed said paying monthly bills was now their main priority, compared with 13 per cent who said achieving a work/life balance was a key concern.
Just 11 per cent said having a nice home was their main aim, while nine per cent were most concerned with saving for the future.
Phil Cliff, director of Abbey Mortgages, said: "Concerns about the economy are definitely being reflected in the UK's spending habits as Brits would rather put money into their home and ensure they can pay their monthly energy and mortgage bills."
Consumers are choosing to focus on such financial commitments rather than buying new cars or spending money on "extravagant" holidays, he added.
A recent survey carried out by esure discovered that 64 per cent of motorists it questioned said they were planning to buy a used car rather than a new one for their next vehicle purchase.
However, 68 per cent said they do not conduct any research into Car Finance deals or loans, the firm stated.
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Cheap Car Loans and Fleet Sales are Helping the UK’s new Market
Created Dec 30 2011
Although car sales have taken a beating through much of Europe during the last couple of years, the prognosis for the UK car market in 2012 is considerably less dire, according to experts at Pricewaterhouse Coopers (PwC).
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Ford Plans to Double its Production in China
Created Jun 22 2011
Ford’s joint venture in China – Changan Ford Mazda Automobile – plans to soon double its annual production of car engines to 750,000 units.
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Insurance Website Names Most Dangerous Cars
Created Jun 20 2011
The popular insurance website Confused.
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FSA to Improve Complaints Handling Standards
Created Jun 14 2011
The FSA has announced a range of measures aimed at improving complaints handling standards.
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Financial Services Authority Cancels Retails Authorisation
Created Apr 21 2011
As most car finance buyers are probably aware, part of the responsibility of the FSA (Financial Services Authority) is to protect motorists against dangerous financial practices.
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Finance Becoming More Important in Car Purchasing
Created Apr 20 2011
In a recent interview with AM-Online, General Manager at BMW/Mini Financial Services, Joe Pattinson, expressed a number of opinions that are of interest to ordinary car finance buyers.
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Debt Recovery for Lenders Conference in London
Created Apr 6 2011
Those involved in the UK car finance industry will be interested to know that the FLA will be presenting a Debt Recovery for Lenders conference in London on the 18th May 2011.
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Duty Cut not Passed on to Drivers
Created Mar 30 2011
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Motor Industry Reacts to the Budget
Created Mar 29 2011
Reaction from the car finance and fleet industries to Chancellor Osborn´s latest "motorist´s budget" has on the whole been fairly positive.
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Japanese Disaster Hits Toyota Badly
Created Mar 28 2011
The ripple effect of the recent earthquake and subsequent tsunami in Japan is slowly being felt by manufacturers and auto loan buyers all over world.
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