- Tuesday, 1 December 2009Increased petrol and parking prices are hitting consumers as they set out to spend money on Christmas presents.
That is according to uSwitch.com, which suggests that the rise in petrol from 95p to 109p per litre will mean consumers will fork out an extra £8 million on driving to the shops.
Furthermore, a total of £70 million is expected to be spent on parking.
For those who are struggling to cope financially, extra costs such as these could prove to be the tipping point in what is already a fiscally demanding time of year.
As such, an increasing number of people could come to rely on debt help.
Ann Robinson, director of consumer policy at uSwitch.com, said that prices would be particularly hard to bear among those who are trying to make their money last.
She commented: "Consumers are fighting an ongoing battle to make their money go further. Christmas shoppers heading onto the high streets are being stung not once but twice, with high prices at the pump and astronomical car park fees."
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
| |
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960