MAKE SURE YOU’RE NOT LEFT BLUSHING @ THE ALTAR
AROUND 70% of
all UK weddings take place in the 6 months between June to November
– approximately 170,000 weddings in total. With Brits attending
between 3 and 4 weddings each year (average is 3.4), we can expect a
whopping wedding gift bill of £146 per person per year - a total of
£6.7 billion (and that’s just for the presents). But if you've
ever worried over how much you should spend on a wedding present,
fear not, as Abbey Current Accounts has conducted research into the
etiquette of present buying to make sure it’s only the bride that’s
blushing on her big day.
So how much should you spend on a wedding gift?
Abbey’s research shows that the average amount spent on presents for
the bride and groom in the UK is £43. If it’s a close family member
or best friend getting married, though, you’ll need to spend a bit
more as the average cost of a wedding gift goes up to £70 if you’re
buying a present for a sibling, son/daughter or cousin. For a random
relation, acquaintance or colleague, though, you only need to fork
out £23. Friends are evidently worth a little more to us, with the
average spend at £34 a head.
We’re getting more generous as a nation, with 46% of us spending
more on gifts than we did 2 years ago. Interestingly, though, 17% of
us think that we spend more on other people than they do on us.
What’s more, across the country the value of gifts varies
considerably. Contrary to popular belief, the “thrifty” Scots
came out as the most generous wedding gift givers in the land. If
you’re lucky enough to be related to a Scot, you can expect a gift
worth roughly £78, while at the other end of the scale those in
Northern England shell out a tenner less on their close relatives at
£68. On average, Scots spend £49.13 on wedding gifts and Northerners
Abbey’s handy Gift Giving Guide for across the UK
Close family/ best Friend
Wales & South West
Steve Shore, Head of
Banking at Abbey, said:- "What to spend on a wedding gift is
almost as tricky as finding an item to buy on the wedding list, so
hopefully with our guide we can remove some of the potential
embarrassment and worry by showing how much to spend and on whom.
Abbey's guide shows that if you follow your instincts and put family
first, you'll be in good company."
Just 1 month left to win £25m interest-free funding
businesses have just 1 month left to put
in their applications for the Bank of Scotland £25 million
Entrepreneur Challenge. Bank of Scotland Corporate is looking to
encourage entrepreneurship across the country and the deadline to
enter The Challenge is Wednesday, August 15, 2007.
The Bank is making the funding package available entirely free of
interest and arrangement fees for a period of 3 years. For each of 5
regions across the UK, a sum of £5 million is being provided.
1 company in Liverpool will succeed in obtaining the funding
package. It will be used by the successful applicants to help turn
exceptional business plans into profitable reality.
Tim Rigg, Regional Head of Corporate Banking, is calling on
entrepreneurs in Liverpool to register their applications now to be
in with the chance of securing a £5 million interest free funding
package. Tim commented:- "The Entrepreneur Challenge
could have a significant impact on a number of businesses in
Liverpool and help them realise their full potential. Bank of
Scotland Corporate has invested significant time and resources into
making sure we offer entrepreneurs exactly the type of support they
need and our recent research proves just how important this type of
support can be. Entrepreneurs need funding to succeed and this
Challenge is a once in a lifetime opportunity for a local business
to secure a significant package and four days of mentoring from Sir
Phillip Green, one of the most successful entrepreneurs in British
The Arcadia boss will take his place in the boardroom of the
successful company and spend 4 days of his time to mentor the
winning entrepreneur to help them develop their business, providing
a true ˜money can't buy" prize that could change a business
Sir Phillip Green added:- "Initially I expect to be used as a
sounding board for ideas and to see if the business strategy is
sound and this is something I am really excited about, which is why
I have come on board to support the Entrepreneur Challenge."
Tim Rigg concludes:- "We've had some really impressive entries
already and are now approaching the final deadline. The Challenge is
designed to embrace the entrepreneurial spirit that already exists
in Liverpool and encourage more entrepreneurs to follow their
business dreams, which is why I'd like to urge any remaining
entrepreneurs to grasp this opportunity and give themselves the
chance to win. There are some extraordinary people constantly
battling to find somebody to listen to their ideas and this
Challenge is their chance to have those ideas heard by a selection
of the most successful entrepreneurs and business minds in the
country. Ultimately, this represents zero percent funding for three
years which itself is normally unheard of."
Entrepreneurs interested in the Challenge can simply go to
download an application form that can be completed in a matter of
minutes. The application will be considered by a panel of experts,
including Tim Rigg and Brian Kennedy.
And if you think you might be made of the right stuff to become a
successful entrepreneur, why not take the entrepreneur test and find
out? The test is now
The deadline to enter the Entrepreneur Challenge is Wednesday,
15 August 2007.