PPI Claim News - 30/5/2012
Brits 'could make bank claims' due to rising fuel costs
Rising gas and electricity prices could force Brits to make loan claims or incur bank charges.
A recent report from uSwitch.com found if the trend for rising fuel costs continues, households will typically be paying more than £1,500 every year on energy by 2015, with this escalating to £2,766 by 2018.
If power begins to cost more than £1,500 annually, 77 per cent of consumers said they would be forced to begin rationing fuel, with 59 per cent stating this will result in energy becoming too expensive to pay for.
A total of 27 per cent of respondents reported they would make bank claims or go into debt to cover their bills if they reached this amount.
Furthermore, 32 per cent of people claim domestic power in the UK is already becoming unaffordable.
However, the National Insulation Association recently reported lagging walls and lofts could save homeowners significant sums of money on their gas and electricity bills, with these reductions continuing year after year.
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance
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