Welcome!

News Feed Item

Average UK Spend on Alcohol to Increase by £19.76 a Year and Cigarettes Will Increase by £69.06, Following Today's Budget

LONDON, March 19, 2014 /PRNewswire/ --

Money Dashboard shows exactly how the Budget will affect UK spending on alcohol and cigarettes

George Osborne's latest round of tax increases on alcohol and cigarettes will cost the average drinker an extra £19.76 and a smoker £69.06 each year. This is according to research announced today by smart account aggregation service Money Dashboard.

Money Dashboard has analysed the spending of 20,000 users to work out the current UK average spending on alcohol and cigarettes and how today's Budget increases will affect it over the course of a year.

For Alcohol:

  • The average UK spend on alcohol was previously £1,708 per year. Following the 2014 Budget, this will increase only at the rate of inflation to £1727.76 - a yearly increase of £19.76. Beer drinkers, who saw a 1p cut per pint, will save on average £5.63 per year.

For Cigarettes:

  • The average UK spend on cigarettes was previously £565 per year. Following the 2014 Budget, this will increase to £634.06 - a yearly increase of £69.06.

For Fuel:

  • The average UK spend on fuel was previously £2,017 per year. Following the 2014 Budget at the rate of inflation, this will increase to £2,055.32 - a yearly increase of £38.32.

Money Dashboard has also created four dashboards to visually show exactly where government spending goes and how this has changed over the past four Budgets. With these dashboards, the government's increased spending on healthcare by £3bn is easier to understand.

High-resolution dashboards are available here.

Gavin Littlejohn, Founder and CEO of Money Dashboard comments: "With taxation on things like cigarettes and alcohol increasing, your average consumer will need to look long and hard at their finances to see where these additional costs will come from. Whilst a 2% increase in tax on cigarettes above inflation may not sound like much, over the course of the year, it could in fact jeopardise the chance to buy that dress or suit you've had your eye on.

Using data from real users we are able to demonstrate exactly how the Budget will impact on UK consumer spending. Having complete visibility of your expenditure, from all your bank accounts, will be key to managing your money and tracking where it goes each month and over the course of a year."

About Money Dashboard:

Money Dashboard is the UK's leading smart account aggregation service that allows users to view spending across multiple accounts, automatically tag spending into different areas and budget for the future. Money Dashboard is a free online service that allows users to:

  • Aggregate: all of their finances into one place by linking different accounts including savings, current and credit cards, no matter which bank they belong to. Money Dashboard provides users with an overview of their finances all in one place.
  • Intelligently Tag: all of their financial data. Money Dashboard automatically categorises income and expenditure into groups and tags such as 'household', which is then further subdivided into 'electricity' for example, to make sense of your financial transactions.
  • Visualise: financial data by creating simple graphs and pie-charts that show users exactly where money goes each month.

Money Dashboard makes your financial life easier. Whoever you bank with, all your current, savings and credit card accounts come together giving you a clear picture of exactly what's happening with your money. Launched in 2010 Money Dashboard has become one of the largest account aggregation services in the UK.

 

SOURCE Money Dashboard

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.