The Consumer Council today welcomed new research from Northern Bank which looks at five to seven year olds and their attitude to money . The research shows that two thirds of these young children are already getting more than £2 per week in pocket money and are making important decisions about money from an early age.
- Personal Finances
- Consumer Skills
The Consumer Council today welcomed news coming from Translink’s Spring Passenger Charter that buses and trains are meeting their punctuality and reliability targets, but says that Translink must work hard to improve value for money on Metro and Northern Ireland Railways (NIR).
Commenting on today’s news announcement that ASDA that they have dropped the price of petrol and diesel at all their stations across Northern Ireland, Eleanor Gill, Chief Executive of the Consumer Council said:
“The Consumer Council welcomed today’s statement from First Minister, Peter Robinson that the timing and phasing of the introduction of water charges should be re-considered as a clear sign that he is in touch with and listening to the concerns of consumers as they face into a difficult winter with the soaring cost of living. Consumers here will greet this news with a sigh of relief.
The Consumer Council believes that today’s unprecedented increases in electricity and gas prices – the second this year – will strike fear and distress into many consumers already anxious about their ability to make ends meet in the face of spiralling costs this winter. They called for the scale of the NIE Energy price increase to be re-examined in order to ensure that consumers receive a full and satisfactory explanation and justification as to why NIE Energy’s level of increase is almost double that in the rest of the UK[i]. The Consumer Council is looking to the Northern Ireland (NI) Executive to establish an emergency winter fund to help struggling households cope with the rising cost of keeping warm and well this winter.
At a time when worry and stress is growing among consumers faced with the soaring cost of living, the Consumer Council is urging consumers to go online and tell their real-life stories about the household pressures they are facing. The Consumer Council website www.consumercouncil.org.uk now allows consumers to leave a comment, share money saving tips with others and take part in a cost of living survey.