Tuesday, September 15, 2009
Category:
Secured Loans
As the August Bank Holiday looms, the weather continues to be debated.
As a consequence, The Co-operative Bank Credit Cards has conducted a study of two consecutive weekends, across which the weather differed significantly. In fact, a national average temperature of 24 degrees Celsius was recorded on the final weekend of May, whereas a national average temperature of 10 degrees Celsius was recorded on the first weekend of June. The former was hot and sunny, compared to the latter which was cooler and wetter.
Findings revealed that transactions at country clubs and private golf courses rose by virtually 30 percent during the hot weekend in May. Second to this was a 27 percent uplift in spending at DIY stores, followed by an 18 percent increase in expenditure at garden centres. However, on the colder weekend in June there were a greater number of transactions at travel agencies and tour operators as people sought the sunshine. Departmental stores also experienced an increased level of transactions on the weekend in June at 21 percent, while a 13 percent increase was noted at grocery stores.
The Co-operative Bank Credit Cards points out that their study highlights a correlation between the weather and spending habits. For this reason, some businesses will be hoping for sunshine as others keep their fingers crossed for the opposite.
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Homeowners that are planning to kick start a DIY project or two this Bank Holiday weekend may wish to consider taking out a
secured loan to facilitate further work if desired. One of many finance options available, a secured loan for home improvements could help create the living space which homeowners really desire. This may involve an attic conversion, extension, conservatory, landscaped garden, or a new kitchen. The possibilities are extensive, and may even add value to the property. Secured loans for home improvements could also be used to cover the cost of a complete redecoration throughout or to update heating systems and windows, ready for the winter ahead.
