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Millions of households struggling with their finances
According to a survey carried out by Legal & General, millions of households in the UK are struggling to get by. The rising cost of living over the past 12 months has left some 12 million of the UK’s 21 million households with no money left over after paying their bills. The number who spend all their hard earned income on bills and debt payments has increased from 10.7 million just nine months ago. read more

Fuel Poverty figures out of date
The official figures provided on fuel poverty were deemed to be out of date and have underestimated the number of householders in the UK finding difficulty meeting the cost of rising energy bills. In 2009, figures from the Department of Energy and Climate Change (DECC) revealed that 5.5 million households in the UK were suffering from fuel poverty, which was up by a million on the previous year. The increase in the number of affected households was put down to a 14 per cent increase in gas bills and a 5 per cent rise in electricity in that year. read more

Depressed housing market continues to struggle
The depressed housing market remains slow with the traditional spring boom failing to lift homebuyers to even half the level seen prior to the housing crash. According to figures from the Council of Mortgage Lenders, mortgages for home purchases increased by just 700 from April to May, which is unsurprising given the headache facing those wanting to move home. Those already on the property ladder need deposits of almost £60,000 and first-time buyers need to earn around 30 per cent more than the average wage, to meet strict lending criteria. read more