Qualified advisers answering your
Financial Questions
call 0800 092 1245

Some luxuries escape the UK recession

A report today suggests that while the recession continues to hit consumers in the pocket there are certain areas of consumer spending which remain ring fenced despite the recession. It would appear that underwear, alcohol, pets and beauty treatments are still very high on the list of must have items for UK consumers.

This is yet another indication of the "luxury spending" which many consumers refuse to give up and has led to reports that UK consumers have increased their debt by a cumulative £24 billion since the UK recession began. While there's no doubt spending money on some small luxuries does help many people get by in troubled times, it would appear that more and more people in the UK are still spending beyond their means.

The vast majority of homeowners in the UK have always believed they could fall back on their equity in troubled times although many who bought houses at the top of the property boom could be struggling with negative equity. Pressure from many different sides of the financial arena is starting to cause problems and more and more people are now struggling to keep one step ahead of their debts.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details