Press releases

NUMBER OF HOUSEHOLDS IN FUEL POVERTY UP 53%.

John Pollock - Group Board Director - Legal & General's Risk business
John Pollock
CEO
Legal & General Assurance Society

12 November 2013

John Pollock - Group Board Director - Legal & General's Risk business
John Pollock
CEO
Legal & General Assurance Society

Research from the Legal & General MoneyMood Survey shows 1 in 3 households (34%) across the country say they will be in fuel poverty this winter.

More than 2 million more homes in fuel poverty this year…

The number of homes across the UK who say they are “In fuel poverty now or will be in the next three months” is 6.8 million, up 2.4 million on the equivalent figure for 2012 (4.4 million).  

This is significantly higher than the latest Government estimates of 3.2 million homes in fuel poverty, which is based on 2011 data (Dept. of Energy, Aug 2013*).

*Source: Dept. of Energy and Climate Change Fuel Poverty report August 2013 (Data based on the 10% indicator)

MoneyMood Survey® Do you think you are in fuel poverty now or will be in the next 3 months?
“YES” October 2012 versus October 2013 (to view the chart for Fuel Poverty 2013 versus 2012 please click on the document link on the right of this page).

REGIONAL DATA - Do you think you are in fuel poverty now?

In many regions the number of households in fuel poverty is even higher (to view the Regional Data for Fuel Poverty 2013 versus 2012 please click on the document link on the right of this page).

Two regions have almost 1 in 2 in fuel poverty – in the East Midlands 48% say they are in fuel poverty (up 152%). Similarly in the North East 48% of homes are in fuel poverty (up 140%).

The West Midlands – 41% (up 52%), the North West - 37% (up 68%), Yorkshire and Humberside - 36% (up 33%), London - 37% (up 27%), Wales - 38% (up 22%) are all showing they have more homes in fuel poverty than the national average (34%).

In other regions, the South East has shown a big increase year on year with 29% of households now in fuel poverty (up 107%). Similarly, while below the national average for homes in fuel poverty there are big rises in the South West at 26% (up 85%) and Scotland - 26% (up 53%).

East Anglia at 16% (down 50%) is bucking the trend and showing the only fall in the number of households saying they are in fuel poverty compared to last year.

Commenting on these findings John Pollock, Chief Executive Officer, Legal & General Assurance Society said; “Almost every part of the country has shown a significant rise in the number of homes who say they are in fuel poverty compared to last year. 

With 1 in 3 households nationally saying that they will be in fuel poverty as the winter strikes, the cost of heating our homes remains one of the main pressures on household finances across the UK.

However, many more households say they are finding it hard to cope with paying bills at the moment. The latest figures from the Legal & General MoneyMood Survey show 1 in 5 homes say they are “struggling” to make ends meet (i.e. income not enough to pay bills). 

That means around 4 million households are battling to stay out of debt (up 60 % from 2.5 million in October 2012). Clearly the cost of fuel is only one of a number of reasons that balancing household finances is becoming harder.”

Notes to editors

SURVEY – METHODOLOGY
TNS Omnibus carried out research for the Legal & General MoneyMood Survey.

Telephone interviews were conducted among a nationally representative sample (in GB) of around 1,000 adults (age 18+) between 26-28 October 2012 and 18-20 October 2013.

The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.

The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies.  As at 30 June 2013, we were responsible for investing £440 billion worldwide on behalf of investors, policyholders and shareholders.  We also had over 7.3 million customers in the UK for our life assurance, pensions, investments and general insurance plans.

The Legal & General MoneyMood Survey is registered by Legal & General plc.


For more information please contact:

Mike Connolly

Mike Connolly

About Legal & General

Legal & General Assurance Society Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 166055.

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