A recent study undertaken by the tyre manufacturer Bridgestone has shown that one in six British families were forced to sell their second car in 2011 due to the ever increasing fuel and insurance costs.
The study found millions of Brits who are being impacted by the economic crisis in the UK have to look at new ways to slash their day to day living costs and it seemed that motor vehicles had to become the main focus of belt tightening.
Andy Dingley from Bridgestone UK, who commissioned research on 2,000 families said, ”Rising fuel prices mean that a large proportion of the family wage is spent purely on things like petrol, gas and electricity.
”But with prices increasing faster than the rate of people’s incomes, families are having to make extremely difficult decisions.
”The balancing act for a family nowadays does not leave much room for manoeuvers financially which can have a knock on effect on people’s peace of mind.
”This affects every part of people’s lives – including how and when they drive.”
The report which became available in January 2012 showed that mothers are feeling the pinch the most in regards to the high fuel and vehicle insurance costs and are forced to take some radical measures in order to decrease the family’s bills. Some of these varia
