This is the number one biggest expense for Brits – and no, it’s not housing

We spend nearly £75 a week on this one thing

Transport is the number one biggest expense for Brits, overtaking the cost of housing.

In 2014, transport hit the top spot after costs increased 6% to £74.80 per week on average. This compared with 2013’s £70.60 (adjusted for inflation).

On average, British people spend £531.30 per week in total. This was a rise in 2013 and 2012, but less than when spending peaked in 2004/05.

A third of the spending on transport was vehicle purchases, with more being spent on second hand cars and vans than new, due to volume.

Though public transport fares are a spiralling cost in London, averaged across the entire population, rail fares cost just £3.60 and bus fares £1.50. Spending on air fares averaged £6.10 per week.

The cost of housing, including fuel and power, fell in 2014, from 2013’s all-time high. Thanks to people spending less on fuel,in 2014 the amount spent was £72.70 per week, compared with £76.60 in 2013.



Former Prime Minister Gordon Brown and his wife Sarah

Gordon Brown set to join world’s largest bond manager Pimco as adviser

London Homes

8 shocking stats about London house prices

Readers' comments (1)

  • Anonymous

    Inside London housing cost more than transport, outside London its the other way round. To save money live outside London and car share.

    Unsuitable or offensive? Report this comment

Social Bookmarks