Overview
- A poll of 2,000 UK adults finds 83% tightened spending over the past 12 months, reporting average savings of £117.60 a month (£1,411 a year).
- Holidays and social outings saw the biggest cutbacks, with many switching to cheaper supermarkets, cancelling TV subscriptions and reducing clothing purchases.
- To supplement incomes, 35% sold old clothes, 28% invested money and 21% started side hustles.
- Rising costs drove most cutbacks, and 38% expect to be worse off after the Budget, with 20% worried about possible tax rises.
- Reports of an EV fuel duty have deterred 28% from buying an electric car, though 45% would consider one if upfront and running costs were lower; the survey was commissioned by Leapmotor alongside the UK launch of its £29,995 B10 SUV.