Matco Articles Home.
Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese

Increase your website traffic with Attracta.com


 
We now have 53945 Articles From over 100 Categories
  Number Times Read : 241      
Categories

Accessories
Acne
Aerobics
Application Development
Arts
Ask an Expert
Banking
Beverages
Branding
Budgeting
Business
Buying
Cancer
Career
Cars and Trucks
Causes and Organizations
Cell Phones
Collecting
College and University
Communications
Computers
Cooking
Corporate
Crafts & Hobbies
Culture and Society
Current Affairs
Database Marketing
Death and Dying
DHTML
Directories
Disease & Illness
Diseases and Conditions
Domain Names
Drop Shipping
E-Commerce
Electronics
Employee Relations
Entertainment
Environment
Equipment
Ezines and Newsletters
Family
Fashion
Fiction
Finance
Financial Planning
Financing
Fitness
Free Tools and Resources
Gadgets and Gizmos
Gardening
Grants
Growth Topics
Health
Health & Fitness
Home
Home & Family
Home Business
HTML
Human Resources
Import Export
Infants and Toddlers
Internet
Internet Business
K-12
Men Only
Motivational
Motorcyles
Nature
Our Pets
Personal Development
Pets and Animals
Podcasting
Pregnancy and Family Pla
Presentation
Product Reviews
Recreation & Sports
Recreation and Leisure
Reference & Education
Relationship
Religion and Spiritualit
Screenplay
Search Engine Optimizati
Search Engines
Self Improvement
Selling
Shopping
Speaking
Sports
Start Up
Stock Market Investing
Strategic Planning
Structured Settlements
Supplements and Vitamins
Team Building
Technology
Teenagers
Telecommuting
Telesales
Television
Tools & Resources
Travel
Travel & Leisure
Vehicles
Video
Web Development
Weddings
Work Life Balance
World Affairs
Writing & Speaking
 
Stats
Total Articles: 53945
Total Authors: 41449
Total Downloads: 5480546


Newest Member
Ed Robinson
 


    Consumers Reported To Be Feeling The Heat From Rising Energy Costs

[Valid RSS feed]  Category Rss Feed - http://www.matcomall.com/articles/rss.php?rss=315
By : Mark Dawson    99 or more times read
Submitted 2008-06-25 10:45:38
With Britons continuing to struggle with money, it is important that they take steps to ensure the heat on their financial situation is not turned up even further.

Such is the claim of uSwitch, which reports that despite a series of price increases occurring earlier in 2008, consumers should prepare themselves for at least one more round of hikes in the cost of gas and electricity. According to the price comparison firm, experts believe that the cost of energy bills are set to surge by up to 40 per cent over the remainder of this year. Such a move would see the typical household bill stand at 1,467 pounds by this winter, a rise of 61 per cent from the 912 pounds which was noted at the start of the year.

Following on from rising utility bill costs it may also be possible that consumers encounter problems in managing other areas of monetary demand. These areas may well include personal loans, transport expenses, store cards and groceries.

In addition, it was asserted that should rises of this magnitude take place then some 1.6 million Britons would be plunged into a state of fuel poverty, causing the total of such consumers reported to be struggling with utility bills to stand at 6.1 million. The projected increase in utility costs was partially attributed to rises in wholesale gas, in addition to a lack of storage capacity for energy within British shores.

Ann Robinson, director of consumer policy at uSwitch, said: "The days of cheap energy are over. Households could see the largest ever increase in household energy bills this year. If suppliers do increase bills by a further 40 per cent by this winter then consumers will have seen a 61 per cent or 555 pounds increase in household energy bills in a year. If average energy bills do hit 1,467 pounds by the end of 2008, spending on energy will account for five per cent of the average household's net income. This is going to cause huge financial pressure and consumers will naturally expect their salaries to increase to help them meet the spiralling costs of living and working in Britain."

She went on to report that as the financial outlook is "grim" it is important for consumers to be proactive in negating the impact that prospectively higher household bills will have on their finances. Ms Robinson reported that although online and capped tariffs can be of assistance, those wishing to take advantage of such deals will have to act quickly as availability begins to diminish.

The news comes as Britons are shown to be increasingly struggling with overall demands on their finances. Although uSwitch pointed out that net salaries have increased by an average of 44 pounds per month this year, expenditure on necessary monetary demands - energy, food, mortgage repayments and fuel - has gone up by 148 pounds.

For consumers concerned about how they will manage their money in the face of rising energy costs and a slowing in wage growth, applying for a debt consolidation loan might be recommended. In getting such a loan, borrowers may be able to merge numerous constraints on their spending into a single low-cost monthly repayment. This may be of particular assistance after a recent moneysupermarket study revealed two-thirds of Britons claim to be "very concerned" about their ability to manage money should the cost of energy continue to rise.
Author Resource:- Mark Dawson writes for the Loan Arrangers. Where visitors can compare cheap loans online, and apply for debt consolidation loans. To read more articles from Mark go to http://news.loan-arrangers.co.uk
Article From Mr Matco\'s Article Directory
Related Articles :

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 
Sponsors

Purchase this software