We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.
Evolution Money
Customer Enquiries 0161 814 9158
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue
Home > Feeling the pinch? Here’s how to stave off the threat of rising UK prices

Feeling the pinch? Here’s how to stave off the threat of rising UK prices

25th September 2017 | Published by Anthony James

You may have heard in the news over the past few days that the UK’s rate of inflation has jumped to 2.9%, a four-year high that came as a bit of a surprise to many economists. But what does this actually mean for people and families up and down the country?

It effectively spells higher prices for goods and services across the board, particularly clothing which has become more expensive due to rising import costs for retailers. According to the latest figures from the Consumer Price Index, petrol prices have increased from 1.8p a litre to 115.7p over the course of August, while diesel rose 2p to 117.6p. In both cases, experts say that this is also a continued knock-on effect from the falling price of the pound, which has dropped 13% since the Brexit referendum last June.

As for wage growth, recent statistics from the ONS also show that the value of the average British pay packet remains unchanged in months, and therefore lagging behind the rising cost of living.  The challenge now facing households is working out how to stave off the impact of inflation wherever they can, particularly in the key areas mentioned above.


Making your money go further

The weekly shop. Most households have their preferred choice of supermarket nailed down, and this is often based on convenience rather than value. While most of the big UK supermarket brands may be closer to our home, or offer online delivery, it usually pays to scout around places like Aldi or Lidl to find bargain deals on your pricier purchases such as meat or alcohol. Get hunting!

An alternative commute. If you’re a regular commuter and drive to and from work in the car every day, it’s worth weighing up the total cost of your weekly petrol against public transport options. This might mean that you have to get up slightly earlier in the morning, or make walking a bigger part of your daily routine, but that isn’t necessarily a bad thing – and if you stand to save a few bob in the process, even better.

Track your spending. For those who are serious about making their monthly income go a little further, it might be worth downloading a personal finance app that can help you to measure and manage your daily and monthly expenditure. Most of these apps are quite intuitive and can be synced safely with your personal bank account. Clever, huh?

 

Category: Homepage, Money
This post was written by Anthony James
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.

Socialise

Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions | Fair Processing Notice
Get Quote
I want to borrow £
You will need to read and agree to our Fair Processing Notice before continuing. *
You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.

Fair Processing Notice

Who we are:

Evolution Money Ltd, Progressive Money Ltd and Evolution Lending Ltd are all wholly owned subsidiaries of Darwin Loan Solutions ('the Group').

We take your privacy seriously and will only use your personal information to

A) Discuss loan offers and provide you with the products and services you have requested.
B) If you take out a loan with us and become our customer, it will also be used to manage your loan.

We'll keep your details for up to 12 months to enable us to help you with your loan application. If you don't take out a loan with us, we will delete your enquiry details unless regulations say we must keep them for longer.

This won't change any marketing preferences you've already chosen.

How we control and process your data:

Our companies hold and process your personal data in accordance with Data Protection law in the UK. We are committed to maintaining the privacy and protection of all personal data collected in connection with our broker and loan services. We may share your information with credit reference agencies and other companies for use in credit decisions, for fraud prevention and for debt collection purposes.

Next

Marketing Contact preferences - putting you in control:

We would love to tell you from time to time about offers and special deals on loans, insurance products and utility services which may save you money.

If you're happy to be contacted about these, please click the boxes to tell us how you want us to get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

BackNext

Marketing Contact preferences - Our partners:

We would love to tell you from time to time about special offers and deals from our carefully selected partners.

If you're happy to be contacted by them please click the boxes to tell us how our partners can get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

BackNext

Please read the full details of our Fair Processing Notice including Credit Reference Agency Information Notice (CRAIN) Click here to see a copy of the CRAIN.

If you agree to our Fair Processing Notice and want to continue to the next stage - click Agree.

BackAgree

Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution