Weekend money sections shift from investment to savings
Having regained the top spot in last weekend’s coverage tally, investment stories managed to maintain their lead, despite a substantial fall from a third (33 per cent) of all coverage, to just a quarter (25 per cent) this week.
The reason for the swing was a large uptake in savings stories, rising from 5 per cent to 19 per cent of all coverage whilst the majority of other categories remained the same.
In the Guardian, Rupert Jones (@rupert_jones) looked at how the speculation around interest rates – on the back of concerns regarding worsening inflation – could be good news for savers. He mentioned that rate rises would be welcomed by millions of pensioners, but in order to beat inflation a basic taxpayer needs to find an account paying 4.63% – not an easy feat in the current market.
Meanwhile in the Telegraph, savings stories were bolstered by Rosie Murray-West’s (@rosiemw) article on ‘free’ banking in Britain, reporting that whilst free current accounts have become ‘ingrained’ in British culture, customers have been left with poor service as a result.
Continuing with the theme of inflation, Steve Lodge in the Financial Times highlighted a few ways to make the most of your money. At the moment, in order to earn above 3.7% (the current CPI rate) savers would be required to fix for at least three years.
Chiara Cavaglieri and Julian Knight (@ukmoneyguru) proposed a way in the Independent to beat the ‘financial doom and gloom’ and save £2,000– in as little as an hour. Consumers could save themselves huge amounts according to their report just by switching their mobile phone, broadband, digital TV and home phone services.
The rest of the scores this week were:
| Charity | 0% |
| Credit cards | 5% |
| Fraud/scams | 3% |
| IFAs | 0% |
| Insurance | 11% |
| Investment | 25% |
| Mortgages | 10% |
| Pensions | 14% |
| Regulation | 2% |
| Savings | 19% |
| Tax | 6% |
| Utilities | 5% |