Belfast Telegraph

35 million people 'miss best deals'

By Vicky Shaw

About two-thirds of Britons are paying an "invisible" tax by failing to seek out the best financial deals, a report has suggested.

As many as 35 million people may not be regularly switching financial products and utility plans, credit checking company Experian estimates.

Their lack of action is akin to "an invisible tax on inertia", with the cost of paying more than is necessary for bills mounting up over the course of their lives, it said.

Experian asked 200,000 people whether they had switched providers for financial services or utilities products during the past two years.

It found 69.5% of people had failed to do so.

Belfast Telegraph