Zombie bank accounts, the chances of being burgled and the price of doing nothing are just some of the headline-grabbers this week. So take a minute and catch up on these and the rest of the week’s money and personal finance news.
1. Doing nothing tax
More than half the UK population are paying more than they should for financial products and utility plans, according to Experian. In what has been dubbed a ‘tax on inertia’, 35 million people are missing out on savings by not shopping around and failing to switch.
2. Zombie accounts
More than a billion pounds is sitting in unused current accounts, according to research by Comparethemarket.com. The average amount in these zombie accounts is £141.
3. Home is your castle
If your home has been burgled once you should be more worried about it happening again, according to insurer Churchill. Homes burgled once have a one in four chance of being targeted again, it says.
4. Inflation rising
Inflation hit its highest level since June 2014, rising to 1.8% in December last year. This not only means your money will not go as far at the checkouts, but savings will struggle to keep up with the cost-of-living.
5. Car prices up
Car prices went up 5% in the second half of 2016, according to research by What Car?. Some luxury cars went down in price, but larger people carriers could have gone up by as much as 12.3%.
Romantic Brits forked out £128 million on flowers, gifts, hotels and restaurants, according to payments processor Worldpay. Liverpudlians are the most generous, spending 50% more than the UK average.