Placeholder canvas

Funeral costs soar by £140 in one year

Date:

As per a recent report, the average cost of a basic funeral has leapt by 140 pounds in the space of a year.

According to the Independent, across the UK, the typical cost has rocketed by a 3.9% from 3,562 pounds to 3,702 pounds in just 12 months for a basic service, the insurer Royal London said.

Cremation costs rose to 3,294 pounds from 3,162 pounds, while burial costs increased more gradually to 4,110 pounds from 3,962 pounds in 2014.

The rising cost of an average UK funeral is very concerning; it’s outstripped inflation considerably for many years -almost in line with house price rises, which as we know continue to rise rapidly as demand outstrips supply, Royal London funeral cost expert Simon Cox said.

The figures underscore the growing financial challenges of planning a funeral, with a recent YouGov survey of 2,000 people showing that one in 10 struggled to pay.

Vulnerable bereaved people are taking on increased debt; and researchers predict this problem will worsen if steps are not taken to tackle the many, persistent causes driving up the cost of funerals, Cox added.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Lucknow Super Giants Bowlers Help Restrict Mumbai Indians To 144/7

Lucknow: Lucknow Super Giants (LSG) displayed a formidable performance...

Lok Sabha Polls: Heatwave Warning Issued Ahead Of Third Phase Voting

New Delhi: The India Meteorological Department (IMD) has issued...

Selena Gomez’s Romantic Instagram Post: Note From Benny Blanco

Selena Gomez delighted fans by sharing a snapshot of...

London: 13-Year-Old Dies After Man With Sword Stabs Multiple People, Arrested

The Mayor of London, Sadiq Khan, stated that additional reassurance patrols will be deployed in the area and urged the public to refrain from speculation