UK Money News
23rd May 2008
More Brits engaging with finances
Britons are taking an increasingly proactive role in their finances as a result of the rising cost of day to living.
According to a new study conducted by Alliance & Leicester, since the start of the year 12 per cent of Britons have sought out a new zero per cent credit card to enable them to get control of their debts.
Furthermore, 20 per cent have switched utility providers to take advantage of more favourable tariffs and eight per cent have switched current accounts.
Emma Walkley, current account manager at Alliance & Leicester, welcomed the findings which she said signify a new mood of increasing fiscal responsibility.
She commented: "It seems many of us are feeling the pinch and looking for ways to cut back. The good news is that people are taking action now and looking at ways of making their money go further rather than burying their heads in the sand.
"As a nation we are fairly financially minded which means that when budgets are stretched we can plan pragmatically how to cope."
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