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UK shoppers 'could save £218m per week'

Britons may be able to save over £200 million per week by buying less food, it has been claimed.

According to research conducted by Abbey, UK households throw away some £218 million worth of food every week as a result of over shopping and failure to consume.

Six per cent of food is thrown away as it passes its sell-by date, with the average household wasting around £5 a week on out of date groceries.

Not only is this bad for the purse strings, but also for the environment, the bank pointed out. Abbey has estimated that UK shoppers could reduce the amount of plastic bags they use by one billion.

Steve Shore, director of Abbey banking, said: "Despite our best intentions, it's often difficult to estimate food consumption - but doing so helps prevent waste both in terms of food and money."

Mr Shore added that saving a few pounds every week while shopping can go a long way, particularly if people are feeling overstretched as a result of the current economic climate.

By cutting down in this way, UK consumers may be able to reduce the amount of stress they encounter, which, according to the bank, amounts to some 25 hours per week worrying about their financial situation.

See how much you could borrow with a loan from Lombard Direct.
© Adfero Ltd

11/04/2008 12:09:54

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