High Tax Payers Are Taking Advantage Of Discount Vouchers To Make Up For Lost Earnings

Released on: April 01, 2011, 7:07 am
Author: Simon Terry
Industry: Retail

High levels of inflation, falling interest rates and tax and benefits changes are causing more and more big earners to seek discounts from money saving websites

01 April 2011 – DiscountVouchers.co.uk, the top site for discounts in the UK recently reported that big money earners are saving cash by using discount vouchers. The site said that visitors were at an all time high last month with over two million shoppers logging on. Around 61% of these came from high income groups.

The data was released came just as the BBC* revealed that results of its latest research shows that 1.6 per cent of UK households are suffering a loss of income after tax deductions compared with earnings in 2008. The loss amounts to as much as£365 each year. Higher earners are being hit even harder because of lower interest, tax hikes and a loss of benefits, making them worse off by about 3.8% (£2230).

Simon Terry, director of DiscountVouchers.co.uk, says: “Money saving vouchers have always been popular with low earners but now the savvy rich earners are using them to make savings elsewhere to compensate for recent Government tax increased, rising prices and lower interest rates.”

“A huge array of retailers, from supermarkets to restaurants and travel companies are offering discounts and at a time when shoppers are losing a large portion of income right across the earning brackets, it couldn’t come at a better time.”

Massive savings from 10% to 50% and up are being offered by huge names like Marks & Spencer, House of Fraser, Tesco, Lastminute.com, Boden and Pizza Express.

DiscountVouchers.co.uk is Britain’s favourite when it comes to money saving websites, offering customers in excess of 4,000 live deals from over 800 different names each day.

Check out www.discountvouchers.co.uk for big money-saving deals.
/ends.

* http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/

About DiscountVouchers.co.uk
DiscountVouchers.co.uk features the latest money saving offers from a growing range of retailers, all updated in real time. Designed to help consumers save money with both leading high street brands and specialist retailers, DiscountVouchers.co.uk offers one of the widest choices of discounts available.

Part of ASAP Ventures Ltd, the company behind the award winning Carrentals.co.uk price comparison site, DiscountVouchers.co.uk is committed to offering a growing range of the best savings available online.

For more information visit www.discountvouchers.co.uk

Media contact –
Rachel Builder & Jenny White
Context
discountvouchers@contextpr.co.uk
T: 01625 511966

Contact Details: Simon Terry
press@discountvouchers.co.uk
DiscountVouchers.co.uk (Asap Ventures)
www.discountvouchers.co.uk
0845 871 2069

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