The average British family spends £42 a day on bills

FROM THE DAILY TELEGRAPH, 3rd MARCH 2008

By Lewis Carter
The average British family is having to spend £42 a day on bills, as the cost of living continues to increase.

Household bills have risen to £3,426 a year for the typical family, it is claimed, a figure that will rise again next month when council tax and water bills increase.
Added to the average mortgage, which costs almost £12,000 a year, it brings the annual bill to more than £15,000 - or £42 a day.
Data shows that mortgage costs have increased by an average of £600 from this time last year as a result of Bank of England rate rises and the impact of the credit crunch.
But it is the rising cost of utilities which is squeezing finances.