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More than 47 billion pounds is to be splashed out on cars during the next six months, new research indicates. In a study carried out by Sainsbury’s Finance, as part of its latest Car Buying Index, it was shown that an estimated 6.86 million Britons are looking to purchase a vehicle between this month and the end of August. These consumers are set to spend a total of 47.5 billion pounds during this period of time, however this figure reveals a fall of 11.1 billion pounds in expenditure recorded between September 2007 and February 2008. Additionally, findings by the financial services firm showed the number of those aiming on to get on an automobile has fallen by about one million from the preceding six-month period.

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A lack of insurance could leave many loved-up Britons under financial strain, a new study indicates.

Research carried out by Abbey Insurance reveals that almost half (42 per cent) of engagement rings across the country do not have a sufficient level of cover, with some 16 per cent of consumers uncertain whether or not they have taken out a policy. It was also claimed that just over a quarter of engagement bands are covered by existing policies. Overall, it was indicated that 75 per cent of people have some form of expensive finery, with the typical household owing 1,785 pounds worth of jewelery - a national total of 44 billion pounds.

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