Cost.co.uk Responds to new Statistics Highlighting British Spending Habits

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Study looked at the wealthy and economically challenged.

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The study shows a real insight into how consumers are cutting back on spending from all sorts of backgrounds and walks of life.

According to the Axa Big Money Report, spending habits of Brits have changed over the last few years with the downturned economy affecting both the rich and the poor. The large survey looked at various aspects of Brits spending and living habits and found that 44 percent are cutting back on presents, 41 percent of participants are cutting back on food spending and 24 percent are cutting back on oil, gas and electricity.

The findings come in light of reports of a weak pound and news of a potential triple dip recession. Cost.co.uk is one of the UK’s most established comparison sites and is dedicated to providing the best deals and offers to consumers all in one place. The site offers advice and the ability to compare providers in sectors including finance, insurance, utility and travel. As more people are being forced to pinch the penny it is becoming more and more important that they shop around for the best deals as a representative explained, "The study shows a real insight into how consumers are cutting back on spending from all sorts of backgrounds and walks of life. The recession has really affected us all and this is reflected in our change in spending habits which have as a result have affected businesses too."

Cost.co.uk continues to discuss consumer based news and believes that although times are tough, consumers are able to save money by shopping around for the best deals on the market through using the site.

Based in Essex, Cost.co.uk is one of the UK’s leading price comparison sites. Allowing their online customer’s access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.

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Ben Austin
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