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Post Office comment on UK Government announcement regarding energy bill support for Northern Ireland households

Post Office comment on UK Government announcement regarding energy bill support for Northern Ireland households

Commenting on the UK Government’s announcement that people in Northern Ireland will receive a £600 Energy Bills Support Scheme and Alternative Fuel Payment from mid-January, Nick Read, Chief Executive at the Post Office, said:
“Our 500 Post Offices across Northern Ireland are at the heart of their communities and Postmasters are preparing for the vital role they will play in getting people the

Rate of Sale: UK property takes almost two weeks longer to sell than last year

Rate of Sale: UK property takes almost two weeks longer to sell than last year

Nationwide, the average time it takes to sell a home has increased by nearly two weeks in the last year, to 114 days Homes in Oxford, one of the least affordable cities in the UK, take the longest to sell, staying on the market for an average of nearly five months (152 days) Aberdeen is the second slowest-selling city (151 days), despite Scotland’s quick legal process which helped Edinburgh and

The increasing cost of summer: Kids entertainment costs up 25% over the last five years

The increasing cost of summer: Kids entertainment costs up 25% over the last five years

Parents set to spend £624 entertaining their children this summer – a total of £9.1 billion across the UK Parents who have put away money in advance of the holidays underestimate the cost of summer by £373 Two out of three (65%) parents worry about covering the costs of summer One in five parents (21%) will dip into their existing savings and one in 10 (10%) will take out a loan to fund summ

Head East for the best value Christmas Markets breaks

Head East for the best value Christmas Markets breaks

• Riga remains the lowest priced city for a Christmas Markets break - 44 per cent cheaper than Copenhagen, the most expensive of 10 surveyed in Europe • Designer goods cost less in five of the European cities surveyed than in London – Lille offers the biggest savings of over 13 per cent for 10 top gift items while individual items can cost as much as 48 per cent less

Redefining Retirement: Over half of over 65s do not believe the traditional concept of retirement still exists

Redefining Retirement: Over half of over 65s do not believe the traditional concept of retirement still exists

The number of over 65s in work has doubled since records began – as half (46%) now believe modern retirement is about redefining how work fits into your life Only a third of over 65s now survive on the state pension alone (31%) – with one in ten (11%) seeing remortgaging, loans and equity release as sensible options to borrow money One in five workers of pensionable age (18%) have already retir

Post Office reveals the tribes redefining midlife and beyond

Post Office reveals the tribes redefining midlife and beyond

Nearly seven out of 10 people aged over 50 (68%) say the traditional concept of retirement is no more – as they reveal their midlife motivations and ambitions ‘Midlife Tribes’ emerging in our changing society include ‘Elderpreneurs’, ‘Fitness Finders ’ and ‘New Horizonians’ with adventure, community and romance as top priorities for many as they embark on the next chapter of their lives

Choose rates for gain: Holidaymakers can cash in by swapping to destinations where sterling is surging in value

Choose rates for gain: Holidaymakers can cash in by swapping to destinations where sterling is surging in value


Post Office reveals what the value of sterling means for holidaymakers
Sterling now stronger year-on-year against 80 per cent of holiday currencies Biggest gains of up to 16.7 per cent against long haul currencies ‘Dollar destinations’ – USA, Caribbean and Middle Eastern resorts – are 11.5-12 per cent weaker against sterling and down five per cent in the past three months Position is

£1.6 billion a year spent on impulsive purchases via social media

£1.6 billion a year spent on impulsive purchases via social media

A quarter make impulse purchases on social media on a monthly basis, spending an average of £318 per user per year 65% had regrets about their purchases One in seven confess to ‘financial upgrading’ – buying something more expensive than they had planned Despite this, nearly half say social media has no impact upon their spending habits More than half fell short of their

Worldwide barometer reveals price falls in holiday hotspots

Worldwide barometer reveals price falls in holiday hotspots

Post Office Holiday Money Report identifies destinations where the holiday purse will stretch furthest in 2018 (www.postoffice.co.uk/holidaymoneyreport) • Sunny Beach, Bulgaria tops chart of 42 destinations for the first time • Japan is runner up and cheapest for long haul holidaymakers • Cape Town, South Africa and Porec, Croatia enter best value top 10

Owen Woodley, Managing Director of Post Office Money, comments on the UK House Price Index June 2017

Owen Woodley, Managing Director of Post Office Money, comments on the UK House Price Index June 2017

The House Price Index, June 2017, revealed that average house prices in the UK have increased by 4.9% in the year to June 2017 (down from 5.0% in the year to May 2017). The annual growth rate has slowed since mid-2016 but has remained broadly around 5% during 2017.
Owen Woodley, Managing Director of Post Office Money, said:
“A slower rate of house price growth will no doubt be welcomed by fi

First-time buyers (FTBs) widen their horizons to seek out their dream home

Will Travel: First-time buyers (FTBs) widen their horizons to seek out their dream home

New Post Office Money research shows FTBs travelling to new areas to find the home for them Southampton, Norwich and Nottingham are the UK’s most affordable cities for FTBs Despite nerves and financial pressure, FTBs still see home-buying as an exciting and joyful step towards independence Futurologists’ insights can help identify potential hotspots of tomorrow

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