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Might An Equity Release Plan Help Those Worse Off After Budget
16/07/2010
Following announcements made in the emergency Budget earlier this week, a new report by
comparison website uSwitch.com, suggests 33 million people believe they are now worse
off.
The research showed that 27 per cent of respondents feel they will need to cut back on
spending and 51 per cent have lost confidence in their finances.
Director of consumer policy at uSwitch.com, Ann Robinson, stated that whilst it may succeed in reducing the national debt in the long run, at present consumers are very concerned with how it will impact them personally. Once VAT has increased consumers will cut back on their spending of luxury goods and some cases even food.
Homeowners aged over 55 years who would like to know how much money the value
of their property could release to increase their income could can find out by contacting
therightequityrelease.co.uk for equity release advice.
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