POUND NOTES

Gloucestershire Echo - - YOUR MONEY -

HALF OF CON­SUMERS ‘WON’T SHOP WITH­OUT A DIS­COUNT’

ONLY 30% of us are happy pay­ing full price for items, with 50% say­ing they’d only buy cer­tain prod­ucts or ser­vices if there was a dis­count, Top­cash­back.co.uk says.

Con­sumers typ­i­cally hope to save around 25%, and TVS and so­fas top the list of prod­ucts sit­ting on shop shelves un­less there is a deal, fol­lowed by tech items and hol­i­days.

CHAL­LENGER BANKS’ APPS TOP CON­SUMER SUR­VEY

CHAL­LENGER banks Monzo and Star­ling have come top in a con­sumer sur­vey of bank­ing apps – leav­ing the more es­tab­lished brands lag­ging be­hind.

Moneysavin­g­ex­pert.com, which sur­veyed more than 5,000 peo­ple, said Monzo and Star­ling sailed ahead, with 78% and 70% of users re­spec­tively say­ing their apps had lots of fea­tures and great us­abil­ity.

Bar­clays was placed third, fol­lowed by Lloyds Bank, with Natwest in fifth place.

PLANS TO LIMIT ‘EX­CES­SIVELY LONG’ SPLIT MO­BILE CON­TRACTS

MO­BILE firms will be banned from ty­ing cus­tomers into “ex­ces­sively long” split con­tracts which link to­gether their hand­set and their air­time for pe­ri­ods of more than two years, un­der pro­pos­als from Of­com.

It said mo­bile cus­tomers are in­creas­ingly turn­ing to split con­tracts – with sep­a­rate con­tracts for the hand­set and air­time – to en­able them to pay for an ex­pen­sive mo­bile phone in in­stal­ments.

It has pro­posed a new rule to ban mo­bile op­er­a­tors from link­ing split con­tracts where the hand­set con­tract is longer than 24 months.

The pro­pos­als, sub­ject to con­sul­ta­tion, could come into force next year.

Fi­nan­cial fact: Gross mort­gage lend­ing to­talled £268 bil­lion last year, up 3% on 2017, ac­cord­ing to fig­ures from trade as­so­ci­a­tion UK Fi­nance.

Over-long con­tracts could soon be a thing of the past

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