- The poorest 20 per cent of UK households have had no potential savings1 – money available to save - since 2002 - Meanwhile, the highest-earning 20 per cent of the population will have an average £18,680 to save this year - The savings gap between the richest 20 per cent and the poorest 20 per cent currently stands at over £20,000
Post Office has today launched six market-leading mortgage deals. The new products include a two year fixed deal at 60% LTV at a rate of 1.54% (£1,995 arrangement fee), as Post Office enters the current rate fray.
- Parents expect to spend £2291 on keeping their children amused over half term - Week of woe: Nearly two thirds of parents (62 per cent) are worried about covering the costs - A third (31 per cent) will dip into their savings and 22 per cent plan to work overtime to make up the shortfall
- Attractive products include Online Saver, Reward Saver and Cash ISA - Products are available online, in-branch, by phone or by post
- Latest range includes market-leading branch exclusive
- UK currently sits eleventh in league table of average potential savings below Spain and Italy - Amount UK households could be saving is down by more than 10 per cent since 2010 - Post Office predicts that by 2018 the UK will remain below the majority of advanced European economies in the savings league table
- Children forced to share a bedroom in a fifth of households - this is due to lack of space in one in ten UK homes - Adults have a smaller bedroom than children in a third of households - Aspiring movers can expect to wait four years before moving to a bigger house, but almost a third doubt they’ll ever be able to do so
