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