The annual survey carried out by the Natwest Bank claims that over 40 percent of the 750,000 undergraduates will be working part time during the forthcoming academic year.
The study, called the Natwest Student Living Index, also concluded that working students will earn approximately GBP2 billion over the year, a substantial sum by anyones calculation. The reality of student life is that they have to take on a part time job in order to have enough money to get by.
The Natwest Bank survey is also helpful for students considering where to study as it highlights the best places money wise. Plymouth is deemed to be the best place to be a student where money is concerned, while Exeter is seen as the most expensive.
Barclays Bank current account customers have been made aware of some changes to the bank accounts, including an overdraft service and some new accounts.
The new overdraft service is called Personal Reserve and replaces the existing unauthorised overdraft facility. An annual fee of GBP22 provides access to an additional overdraft for up to five days. This can be used as a safety net for Barclays Bank customers who go over their normal limit, protecting them from additional bank charges.
In addition five new Barclays current accounts have been introduced, offering alternatives from free in credit accounts to annual fee accounts with extra services and interest free overdraft options. The choice provided for the customer is growing explained a Barclays spokesman.
82 percent of households in Britain are changing their behaviour in response to rising costs and future economic concerns say Legal and General.
With Summer holidays topical right now it is revealing to see that over a quarter of households have changed their holiday plans because of their uncertainty about the future. Lots of people have also cut down on how often they go out, with nearly 40 percent of people saying they now spend more time at home.
One of the biggest concerns from the Legal and General survey was the fact that about half the households spoken to are cutting back on food in order to manage their finances, with over a quarter of them also looking at selling possessions in order to manage. Lets hope the government sees the survey and does something about it, starting with fuel taxation, something that affects the cost of everything in the UK.
