Brits plan to chop expenditure due to coronavirus money worries

Brits plan to chop expenditure due to coronavirus money worries

Exclusive research* from Forbes Advisor UK has revealed the steps that the nation’s adults have taken over the past year to weather the financial storm triggered by Covid-19. Totting up the toll The anniversary of the first UK lockdown in March 2020 is nearly upon us, making it a good time to reflect on how the nation has coped with the most significant crisis, arguably, since the Second World War. Experiences have differed markedly, with some households enjoying an improvement in their finances as they have managed to work from home while avoiding the cost of commuting and daily incidental […]

UK shoppers continue to shop for groceries online

UK shoppers continue to shop for groceries online

During the first week of hospitality reopening, grocery sales at UK supermarkets declined by 6.7%, with overall Total Till grocery sales falling 2.7% in the four weeks to 22nd May 2021, with UK shoppers maintaining their spend for groceries online, with shopper penetration remaining high at 28% of households, and £1.25bn spent online in the last four weeks. However, despite this fall in grocery sales, food retail sales increased almost 11% compared with the same period in 2019, with shoppers spending £9.1bn2 over the four-week period. Without the requirement to limit unnecessary travel, NielsenIQ data also shows that visits to stores […]

Online purchases from EU are getting more expensive

Online purchases from EU are getting more expensive

Some shoppers have found their purchases from EU stores getting more expensive. It’s because not all charges are covered by a Brexit trade deal between the UK and EU. So what are these fees and how can you avoid them? I want to buy a £50 jumper from the EU, what do I need to know? Value added tax (VAT), a sales tax, has always been required on EU goods. And since Brexit, the way it is applied has changed. Previously, you would have paid the local VAT rate. So if you bought your jumper from a shop in Sweden, […]

The cost of rapid growth in UK e-commerce

The cost of rapid growth in UK e-commerce

2020 is drawing to a close, and the UK’s 11-month Brexit transition period is about to end on the first day of 2021. After four years of struggling and the replacement of three prime ministers, after the two general elections, how will the Brexit negotiations finally end? Britain may leave the EU, and the trillion-euro trade will disintegrate soon On December 10, local time, the British Prime Minister stated that it is “very likely” that the UK will leave the European Union without a deal and said that “now is the time” for businesses and individuals to prepare a no-deal […]

The British royal family began to do e-commerce: a pair of socks sold for 69 pounds.

The British royal family began to do e-commerce: a pair of socks sold for 69 pounds.

The Royal Collection Foundation’s latest product in its online store has aroused heated discussions, and a pair of socks can cost as much as 69 pounds. According to media reports, the royal family may wish to sell socks to make up for the financial losses suffered during the epidemic. According to Daily Mail, the British royal family suffered a considerable financial crisis during the epidemic. Its income this fiscal year is expected to decrease by 64 million pounds. This has made the British royal family also have to become an “e-commerce”. Although the socks, which are priced at 69 pounds, […]

Six best money-saving advice for cutting the monthly budget

Six best money-saving advice for cutting the monthly budget

How we spend our money has hugely changed over the past few years. We save on travel, recreation and dining out but spend more on cooking, food and online shopping. Therefore, if you want some ideas and inspirations to help you save extra money, check out our best money-saving tactics. You will be shocked at how much you can spare if you set your mind to it. Save first and spend next. Pay yourself first. If you do this, it’s a sure way towards financial independence. Use the 50%-30%-20% flexible method for budgeting. Here are the details: 50% of your […]