Home > How Many New Businesses Fail in the Uk?

How Many New Businesses Fail in the Uk?

Report Highlights:

  • 20% of new businesses in the UK do not make it past the first year.
  • 60% of new businesses will fail within the first 3 years.
  • Only 33% of small businesses reach the 10-year mark.
  • In 2020, the business birth rate was 11.9% and the death rate 10.5%.

Failure Rate UK

More statistics: Number Of Businesses in the UK, UK Gambling Statistics, Employee Stress Statistics

UK Business Death Rate

  • In 2020, almost 11% of UK businesses (316,310) stopped trading.
  • 47% of SMEs reduced operations, while 31% temporarily closed down completely in 2020.
  • 20% of small businesses in the UK fail in their first year, and 60% fail within the first three years.
  • London had the highest business death rate in 2020 at 12.1%, followed by the West Midlands at 11.9% and the North West at 10.6%.
  • The transport and storage industry had the highest business death rate in 2020 at 14.7%, followed by business administration and support services at 14.1%, and the information and communication industry at 12.8%.
  • The top causes of start-up failures are running out of cash or failing to raise new capital (38%), lack of market need (35%), being outcompeted (20%), flawed business model (19%), regulatory or legal changes (18%), pricing or cost issues (15%), not having the right team (14%), mistiming the product (10%), poor product (8%), disharmony among team or investors (7%), failed pivot (6%), burning out or lack of passion (5%).

Failure Rate of Small Businesses

  • By the end of the second year, 30% of businesses will have failed.
  • During the 21/22 tax year, 810,316 new businesses were formed.
  • Approximately half of businesses fail in the first 5 years.
  • Only 30% of businesses remain after a decade, resulting in a 70% failure rate.
  • There are valid reasons for a business no longer existing, such as retirement.
  • The failure rate can vary between 15% and 25% in a single year.
  • Major events, like the Covid-19 pandemic, can significantly impact the failure rate.
  • Failure rates differ across industries, with healthcare businesses having a lower rate and warehousing and transportation businesses having a higher rate.
  • Some businesses may not be counted in the metrics due to reporting errors.
  • Businesses can continue to exist even when not performing optimally.
  • Only 1 of 5 of businesses fail within the first year, while 50% fail within the first five years.
  • Around 12.5% of businesses in the first year fail due to lack of preparation.
  • Overestimating the failure rate of small businesses is common.
  • About 50% of small businesses have a chance of surviving past year 5.

UK Small Business Trends

  • The number of small businesses in the UK has decreased by 6.6%, from 5.9 million to 5.5 million.
  • SMEs still make up 99.9% of the UK’s business population.
  • On average, 56% of SMEs have sought external finance.
  • Nearly all (91%) midsize company leaders are facing challenges due to inflation.
  • 45% of small business leaders consider inflation a top challenge for the year ahead, up from 20% last year.
  • Small business employment is at 12.9 million (48%) with a turnover of £1.6 trillion (36%).
  • 4.2 million small businesses have no employees, while 1.4 million have employees.
  • In the private sector, SMEs account for 61% of employment and over half of the turnover at £2.3 trillion (52%).
  • There was a 23% increase in the number of business failures compared to the previous year.
  • 46% of businesses in the UK are limited companies with one employee.
  • Companies and public corporations now represent 74.3% of total UK businesses.
  • 64% of UK SMEs believe that Brexit has negatively impacted the UK economy.
  • 51% of startup owners do not consider Brexit an obstacle.
  • In the US, there were 32.5 million small businesses in 2021, a growth of 9.8% over four years.

Reasons Why UK Startups Fail

  • 47% of startup failures in 2022 were due to a lack of financing, nearly twice as many compared to 2021.
  • 44% of failures happened because of running out of cash.
  • Investments in North American startups dropped by 63% in 2022 (reason: potential recession).
  • The Covid-19 pandemic caused 33% of startup failures in 2022, a decrease from 59% in the previous year.
  • 58% of founders wished they had conducted more market research before launching their businesses.
  • The same percentage of founders regretted not having a stronger business plan.
  • 79% of surveyed founders advised aspiring entrepreneurs to “learn from your mistakes”.
  • 40% of founders had pivoted their startups in some way to avoid failure, and 75% believed it contributed to their success.
  • Failure to pivot is a major reason why startups fail.
  • In 2021, there were 5.4 million new businesses started in the UK.
  • About half of all businesses fail within the first five years, and only 35% make it past 10 years.
  • Many businesses fail because owners lack knowledge in company management and don’t seek help from experienced individuals.
  • Failure to understand payroll, liability insurance, and proper employee payment can lead to legal and financial consequences for business owners.
  • Opening a business in a location where a previous business failed often results in repeated failures.
  • Businesses fail when owners don’t have a good understanding of cost structures and fail to keep track of their financial numbers.

UK SME Trends

  • 65% of failed SMEs blame cash flow problems for their failure.
  • 42% of startups fail because of a lack of market demand.
  • 39% of UK businesses struggle with scaling up.
  • 92% of consumers trust recommendations from individuals more than brands.
  • 89% of the UK population is active online.
  • Participating in local events and online forums can boost brand visibility.
  • Collaborating with other businesses can increase brand exposure.
  • Exceptional customer service helps differentiate SMEs and foster loyalty.


This report highlights the high failure rates of new businesses in the UK. 20% of new businesses do not make it past their first year, while 60% fail within the first three years. Additionally, only 33% of small businesses reach the 10-year mark.

We’ve also highlighted the factors contributing to business failures, such as running out of cash, lack of market need, and being outcompeted.

The report sheds light on the impact of major events like the Covid-19 pandemic on the failure rate. It is evident that failure rates vary across industries, with healthcare businesses having a lower rate and warehousing and transportation businesses having a higher rate.

Despite these challenges, SMEs still make up a significant portion of the UK’s business population, and there are opportunities for success through strategies such as seeking external finance, conducting market research, and pivoting when necessary.


107+ UK Gambling Statistics

Report Highlight:

  • 43% of individuals in the UK, equivalent to around £29 million people, engage in gambling on a monthly basis.
  • An estimated 300,000 individuals in the UK are considered problem gamblers.
  • In 2022, the gross gambling yield (GGY) for online gaming in the UK reached £6.4 billion.
  • The GGY for land-based gambling in the UK amounted to £3.5 billion in 2022.
  • Gaming machines in the UK generated a GGY of £1.8 billion in 2022.
  • In the online gaming sector in the UK, the GGY for casino games reached £3.9 billion in 2022.
  • Remote sportsbooks in the UK generated a GGY of £2.4 billion in 2022.
  • New account registrations for online gambling in the UK have experienced a 9.1% increase compared to pre-pandemic levels.
  • By the end of 2022, there were 2,419 licensed operators in the UK, a decrease from 2,819 in 2018.

Gambling Statistics

More statistics: Debt Statistics – Fraud Statistics – Employee Stress And Burnout Statistics

UK Online Gambling Trends

  • Approximately 43% of individuals in the UK, equivalent to around £29 million people, engage in gambling on a monthly basis.
  • An estimated 300,000 individuals in the UK are considered problem gamblers.
  • In 2022, the gross gambling yield (GGY) for online gaming in the UK reached £6.4 billion.
  • In 2021, the GGY for online gaming in the UK was £6.9 billion.
  • The GGY for land-based gambling in the UK amounted to £3.5 billion in 2022.
  • Gaming machines in the UK generated a GGY of £1.8 billion in 2022.
  • In the online gaming sector in the UK, the GGY for casino games reached £3.9 billion in 2022.
  • Slot games accounted for £3 billion of the GGY for casino games in the UK in 2022.
  • Remote sportsbooks in the UK generated a GGY of £2.4 billion in 2022.
  • New account registrations for online gambling in the UK have experienced a 9.1% increase compared to pre-pandemic levels.
  • By the end of 2022, there were 2,419 licensed operators in the UK, a decrease from 2,819 in 2018.
  • In 2021, there was a 22.5% increase in online casino participation.
  • In 2021, remote betting saw a 13.5% increase.
  • Pre-pandemic, in-person casino GGY was £1.018 billion, during the pandemic it was £0.117 billion, and post-pandemic it amounted to £0.692 billion.
  • Pre-pandemic, the GGY for remote casinos was £3.23 billion, during the pandemic it rose to £4.04 billion, and post-pandemic it remained at £3.9 billion.
  • Projections indicate that the online gambling industry in the UK will employ 120,000 individuals in 2023, marking an 8% increase from 2022.
  • The average salary in the UK’s online gaming industry in 2023 is £57,500.
  • Gambling activities are participated in monthly by 43% of the UK population.
  • 26% of the UK population engages in online gambling.
  • In 2018, online gambling participation stood at 19%.
  • The number of online gaming accounts in the UK is currently 32 million.
  • The most popular forms of online gaming in the UK are the National Lottery, sports betting, horse races, football pools, bingo, and casino games.
  • The average UK online gambler spends £2.60 per week or £135.20 annually.
  • The primary reasons why young people gamble are for enjoyment, the perceived likelihood of winning, having an activity to engage in, the simplicity of the games, and the desire to win money.
  • Debit cards or eWallets are used by 66% of individuals in the UK for gambling.

Gambling Industry Statistics 2024

  • The UK gambling market is estimated to be worth more than £14.3 billion in 2023.
  • Online gambling makes up over 38.2% of the total market, with revenues of £5.4 billion in 2023.
  • Online casinos generated £3.2 billion in revenue, with slots being the most popular game.
  • Sports betting accounted for £1.9 billion of online gambling revenue in 2023.
  • The number of active online gamblers in the UK reached 24.7 million in 2023, a 6.2% increase from 2022.
  • The number of self-excluded gamblers increased by 15% in 2023.
  • Penalties issued for non-compliance increased by 20% in 2023.
  • Approximately 0.7% of the adult population in the UK were identified as problem gamblers in 2023.
  • The number of self-exclusions increased by 25% in 2023.
  • Over £10 million was donated by the industry to problem gambling charities in 2023, a 20% increase from 2022.
  • The number of individuals seeking help for problem gambling increased by 30% in 2023.
  • The UK gambling industry is expected to grow at a CAGR of 6.7% through 2027.
  • The online sector is projected to have a market size of over £6 billion by 2024.
  • The UK government plans to implement new regulatory changes, including stake limits, affordability checks, and a levy on betting firms, to address problem gambling.

UK Gambler Statistics

  • The revenue generated by the UK National Lottery in the decade ending in April 2022 exceeds £74 billion.
  • More than a quarter of UK adults played the lottery in the first quarter of 2023.
  • 44% of people aged 16 and above in the UK took part in gambling during that time.
  • In March 2023 alone, nearly 14 million Brits engaged in some form of online gambling.
  • 26% of UK adults occasionally gamble online.
  • 35% of 45-54 year-olds in the UK actively gamble online in 2023.
  • 31% of 35-44 year-olds in the UK frequently gamble.
  • During March 2023, 42% of UK adult women and 45% of UK men gambled.
  • UK accounts for 23% of Europe’s total sports betting market.
  • Betting on real events like sports is 35% more popular in the UK than playing online slots.
  • Gross gambling yield for real event and slots betting exceeds £200 million in the year ending March 2023.
  • Largest online gambling operators reported a total gross gambling yield of £4.9 billion during the same period.
  • On average, people in the UK spend £70 per person per week on gambling.
  • 54% of survey participants gamble every week, while 21% gamble once a fortnight.
  • 85% of surveyed gamblers have gambling apps installed on their mobile devices.
  • 78% of female gamblers and 61% of male gamblers believe that UK gambling regulations should be stricter.

Gambling Addiction Statistics

  • The rate of problem gambling in the UK fell to 0.2% in the year to March 2022.
  • Problem gambling rates among women remained at 0.1%.
  • The number of problem gamblers decreased from 225,000 to 113,000.
  • The use of black market gambling sites in the UK has more than doubled in two years.
  • The black market in Norway accounts for over 66% of all money staked, with a problem gambling rate of 1.4%.
  • In France, 57% of money staked goes to black market operators, with a problem gambling rate of 1.6%.
  • Most problem gamblers are not addicted and require a clinical assessment for gambling addiction.
  • The UK’s betting and gaming industry has funded research, education, and treatment for problem gamblers.
  • Problem gambling figures should be a warning to ensure future changes are balanced, proportionate, and targeted.
  • The regulated industry promotes safer gambling unlike the unsafe online black market.

Key Takeaways

The UK’s gambling industry continues to show significant growth, with an estimated market value of over £14.3 billion in 2023.

The online sector remains a substantial contributor, accounting for over 38.2% of the total market. Notably, the transition to online platforms, bolstered by the pandemic, has witnessed an increase in online gambler participation, from 19% in 2018 to 26% in 2023.

Alongside the growth, the industry faces challenges related to problem gambling, evidenced by the rise in self-exclusions and individuals seeking help.

The proposed regulatory changes by the UK government, including stake limits and affordability checks, aim to address these issues, ensuring a safer gambling environment.


101+ Employee Stress And Burnout Statistics UK

Report Highlights:

  • 79% of British adults get stressed every month.
  • 90% of young adults in the UK experience monthly stress.
  • 50% of UK workers are on the brink of burnout.
  • Over 13.7 million workdays are lost annually in the UK due to stress, anxiety, and depression.
  • Stress, burnout, and mental health issues cost the UK economy a whopping £28bn each year.

Stress And Burnout Statistics
More Statistics: Average Employee Turnover Rate, Number Of Businesses, Food Delivery Market Size

Stress And Burnout Statistics

  • In the UK, 79% of adults experience stress at least once every month.
  • For those aged 18-24 in Britain, 90% report monthly stress.
  • 20% of people living in the UK are stressed on more days than they are relaxed each month.
  • An 18-24-year-old in the UK typically faces stress for about 9.82 days each month.
  • 56% of the working population believe that a moderate level of stress boosts their performance.
  • Close to burnout are 46% of professionals in the UK.
  • Half of the UK employees working remotely feel they might experience burnout.
  • Of those who work in physical office spaces, 41% believe they’re on the brink of burnout.
  • When it comes to online searches about burnout, Cambridge leads the way in the UK.
  • In 2023, 42% of individuals say they feel more drained than at any previous time.
  • In the last year, 60% of professionals took advantage of their full holiday allowance.
  • There was a 48% rise in burnout reports among the British workforce over the last year.
  • The primary trigger for burnout? 78% cite their workload.
  • Each year, 13.7 million working days go unused in Britain due to ailments like stress, anxiety, and depression related to work.
  • Stress seems to most prominently affect those between the ages of 18 and 34.
  • Among all UK cities, 70% of London’s residents are the most prone to stress.
  • For 39% of UK adults, their profession is the most significant stress inducer.
  • A quarter of the UK’s working community has taken a stress-induced leave at some point.

Amount of People out of Work

  • The number of people not working in the UK due to illness has reached a record high. (438,000 more people were not looking for work in the first 3 months this year)
  • In total, 2.5 million people are currently not working due to health problems.
  • Rise in illness-related unemployment can be attributed to an increase in mental health issues, particularly in young people.
  • Four in five workers say workplace burnout has affected their health and wellbeing.
  • Almost half of employees frequently feel overwhelmed due to increasing inflationary pressures.
  • Gen Z employees experience burnout at the highest rate.
  • Nearly 50% of 18-24 year olds entering the workforce experience higher stress levels compared to older colleagues.
  • Low employee engagement may contribute to stress in young workers, as they often struggle to connect with coworkers, managers, or employers.
  • 61% of young people working from home go for hours without talking to anyone, negatively impacting their mental health.
  • 54% of Gen Z workers feel lonely and isolated at home, compared to 38% of older colleagues.
  • Financial pressures continue to cause stress for employees, leading to “quiet quitting” or disengagement from their job.
  • 24% of UK employees admit to no longer going above and beyond at work.
  • Quiet quitting affects organizational culture and can lead to increased operational costs and decreased productivity.
  • Disengaged employees cost their company the equivalent of 18% of their annual salary.
  • A minority of employees rate the physical (32%), mental (39%), and financial (28%) wellbeing support from their employers as good or excellent.
  • 72% of UK staff believe their workplace wellbeing would improve if they were simply thanked for their hard work.
  • Transactional leadership, which rewards high-achievers with benefits and perks, can motivate employees and improve their wellbeing.
  • Employees need to feel recognized and valued in the workplace for their financial and career wellbeing.

Burnout and Work-Related Stress Cost and Percentages

  • Work-induced stress, burnout, and mental challenges drain £28bn from the UK’s economy annually.
  • Annually, 23.3 million working days are missed in the UK due to issues like stress, burnout, and deteriorating mental health.
  • One in five UK adults experience emotional turmoil.
  • Over a quarter of UK adults lack a sense of positive mental well-being.
  • Nearly half of the individuals in the UK face the possibility of burnout.
  • Year on year, there’s a positive shift in the UK’s overall mental well-being.
  • Over half of the UK workforce believes their employer offers commendable support for mental health.
  • Employees with adequate support tend to be twice as content and 3.5 times more likely to thrive.
  • Monetary worries lead to a £6.2bn loss for UK enterprises due to sick days and reduced efficiency.
  • Almost 30% of individuals find it challenging to balance professional and personal lives, impacting their mental state.
  • While managers tend to experience higher stress levels, they also exhibit more confidence and ease.
  • Female workers in the UK exhibit lesser mental well-being compared to their male counterparts.
  • Close to half of the individuals between 18-24 years grapple with a mental health issue, while only 22% of those above 55 do.
  • While the negative perception surrounding mental health issues is fading, there remains a substantial need for support.
  • More than half the populace acknowledges the reducing stigma linked to mental health challenges.

How Employers Can Help

  • 85% of business owners document health-related absences among their workforce
  • 63% assess how absenteeism affects their company’s operations
  • In the 2021/22 period, 17 million workdays were forfeited due to stress, depression, or anxiety linked to the workplace
  • Early identification and support for team members facing mental health challenges are crucial to avoid exacerbating the situation
  • Promoting regular time off and consistent breaks for workers can bolster their mental wellbeing and deter potential drops in performance
  • High absentee rates adversely influence both output and revenue
  • Evaluating the results and effectiveness of a mental health initiative is vital for gauging its influence on performance
  • A company culture that values mental health from the leadership down is indispensable
  • It’s essential for supervisors to prioritize staff welfare and to be adept at addressing mental health topics
  • 97% of those aged 18 to 34 have felt the effects of burnout
  • One in four individuals between 18 to 34 finds it challenging to manage stress
  • It’s vital for companies to foster an atmosphere where discussing mental health is welcomed, without any repercussions.

Employee Burnout Statistics

  • Mental health has affected the career trajectories of 75% of employees.
  • Companies need to focus on employee well-being to mitigate burnout.
  • For 72% of full-time professionals, taking annual breaks is seen as a way to combat burnout.
  • In the last year, just 60% of employees utilized all their holiday benefits.
  • Nearly 18% of individuals under 25 didn’t take any holidays in the previous year.
  • Merely 34% of staff felt their companies actively encouraged them to use up all their vacation days.
  • Of the workforce, 13% couldn’t get a break due to intense work commitments, 9% experienced employer-driven pressure, and 8% faced financial constraints that prevented holidays.
  • Half the employees admit that remote work makes it more likely for them to overlook their annual leave.
  • 47% of the workforce feels they can’t completely unplug from their job while on vacation.
  • 21% think it’s essential to stay updated with work dynamics, while 20% are concerned about tasks they’d leave pending.
  • Knowing they are reachable by their office, 18% struggle to detach, and 16% face blurred boundaries between their personal and professional lives.
  • Employees should strategize to handle colleagues’ duties during their absence.
  • Appointing a reliable point of contact for emergencies can be helpful.
  • Employees must understand that prolonged exhaustion can have severe implications.
  • The topic of unlimited paid leaves has seen a 48% surge in staff discussions.
  • 64% of the workforce feels more vacation days should be provided by companies.
  • 55% think that limitless holiday time can have a beneficial effect on mental well-being.

Report Conclusion

The statistics presented highlight the widespread impact of stress and burnout in the UK.

With a significant percentage of adults experiencing stress on a monthly basis and a growing number of workers on the brink of burnout, it is clear that action needs to be taken to address this issue.

The economic costs, both in terms of lost workdays and financial expenditures, further emphasize the urgency of implementing effective strategies to support mental health and well-being in the workplace.

Through proactive measures and creating a supportive environment, employers can play a crucial role in alleviating stress and burnout among their employees, ultimately leading to improved productivity and overall well-being.



  1. https://www.neuroworx.io/magazine/uk-employee-stress-and-burnout-statistics/
  2. https://startups.co.uk/news/staff-burnout-raises-uk-unemployment-rate/
  3. https://www.personneltoday.com/hr/burnout-stress-and-mental-ill-health-running-rampant-in-uk/
  4. https://employeebenefits.co.uk/employers-help-staff-avoid-burnout-while-managing-productivity/
  5. https://www.peoplemanagement.co.uk/article/1792272/employee-burnout-record-levels-research-suggests

Tesla’s Market Share in the UK


  • In February 2023, plugin electric vehicles had a 22.9% share in the UK auto market, down from 25.6% in February 2022.
  • The UK’s overall auto volume in February 2023 was 74,441 units, marking a 26% year-over-year growth.
  • Chinese manufacturers have captured 8.2% of the European electric car market in 2023, selling 86,000 BEVs.
  • Tesla Model Y was the best-selling vehicle overall in the UK in March 2023, with 8,123 units sold.
  • More than 215,000 new plug-in cars were registered in the UK so far in 2023, representing over one-fifth of the market.
  • Battery Electric Vehicles (BEVs) gained about 20% year-over-year, with 12,310 BEV units sold in February 2023.
  • Inflation rates in the UK have surged to above 10%.

Tesla’s Market Share

More statistics: UK Debt Statistics, UK Food Delivery Market Size, Food Box Market Size UK

UK Auto Market Evolution

  • In February 2023, the market share of plugin electric vehicles in the UK stood at 22.9%.
  • This marks a decrease from February 2022, when plugin electric vehicles had a 25.6% share of the auto market.
  • The overall auto volume in February 2023 was 74,441 units.
  • Year-over-year, this represents a growth of 26% in overall auto volume.
  • However, this is still below the seasonal norm of approximately 81,000 units, which was typical before the year 2020.

Chinese Electric Cars in the UK and European Market

  • China’s influence in the European electric car market has significantly increased, with its market share more than doubling in less than two years.
  • The UK stands as the premier market for Chinese electric car brands in Europe, contributing to nearly one-third of their total European sales in 2023.
  • Approximately 5% of all new cars sold in the UK from January to July 2023 were manufactured by Chinese brands.
  • Chinese automakers nearly matched their entire 2022 electric car sales in Europe within the first seven months of 2023.
  • Chinese cars have expanded their footprint in the overall European auto market, growing from a 0.1% share in 2019 to 2.8% in the first seven months of 2023.
  • In terms of battery-electric vehicles (BEVs), the market share escalated from 0.5% in 2019 to 3.9% in 2021.
  • So far in 2023, Chinese manufacturers have captured 8.2% of the European electric car market, selling 86,000 BEVs.
  • The MG4 EV ranks as the second most popular electric car in the UK for the period covering January to July 2023, trailing only behind Tesla’s Model Y SUV.

EV Adoption Trends in the UK

  • Tesla set a new record for Model Y deliveries in the UK last month, contributing to an all-time high in the country’s electric vehicle market share.
  • Orders for the Tesla Model Y opened late in 2021 in the UK, and deliveries started in February 2022.
  • By March, the Tesla Model Y had already claimed the title of the best-selling electric vehicle in the UK.
  • Leading the surge in electric vehicle sales, the Model Y has been a key driver in the 18% year-over-year increase in battery-electric vehicle sales.
  • In March, the Tesla Model Y was not just the best-selling electric vehicle but also the best-selling vehicle overall in the UK, with 8,123 units sold.
  • When it comes to the best-selling vehicles in the UK for the year 2023 so far, the Tesla Model Y ranks fourth with 5,888 units sold.
  • The top ten list of best-selling vehicles in the UK in March also includes popular models like the Nissan Juke, Nissan Qashqai, and Kia Sportage, among others.
  • For the year 2023 to date, other leading vehicles include the Nissan Qashqai, Nissan Juke, and Vauxhall Corsa.
  • As of the latest data, battery-electric vehicles now make up an 18% share of the overall auto market in the UK.

UK’s Electric Vehicle Market

  • UK car registrations rose by nearly 26% in June 2023, totaling 177,266.
  • Total new registrations reached 949,720 in the first half of 2023.
  • This marks an 18% increase year-over-year.
  • The plug-in segment had its best June ever.
  • SMMT reported 44,470 new plug-in cars were registered last month.
  • This is a 46% increase from the previous year.
  • Plug-ins made up 25.1% of total car sales.
  • Last year, this share was 21.6%.
  • All-electric and plug-in hybrid sales both saw significant growth compared to 2022.
  • More than 215,000 new plug-in cars were registered so far this year.
  • This is a 29% increase from last year.
  • Plug-ins now account for over one-fifth of the market.
  • Tesla Model Y was the best-selling model in June 2023 with over 5,500 units sold.

Plugin Vehicle Types Statistics

  • In February 2023, full battery electric vehicles (BEVs) accounted for 16.5% of the UK’s auto market.
  • Plugin hybrids (PHEVs) made up a smaller share, coming in at 6.3% in the same month.
  • Comparatively, in February 2022, BEVs had a larger share at 17.7%.
  • PHEVs also had a higher market share a year ago, standing at 7.9% in February 2022.

Petrol-Powertrain Volumes Trends

  • Year-over-year, petrol-powertrain volumes increased from 23,952 units to 32,331 units.

Battery Electric Vehicles Trends

  • The volume of Battery Electric Vehicles (BEVs) gained roughly 20% year-over-year.
  • In February 2023, a total of 12,310 BEV units were sold.
  • Tesla Model Y was the best selling full electric vehicle for the month, with 1,482 units sold.
  • The Tesla Model Y alone accounted for 12% of the BEV market in February 2023.
  • Two-thirds of Tesla’s total BEV market share came from Tesla Model Y sales.

Brand Rankings in the Electric Vehicle Market

  • Volkswagen climbed in brand rankings, moving from 4th place to 2nd.
  • Audi also saw a rise, ascending from 7th to 4th position.
  • Polestar made significant strides, jumping from 9th to 6th place.
  • Renault made an impressive leap from 17th to 7th in the rankings.
  • Conversely, MG fell from 3rd to 5th place.
  • Mercedes also saw a decline, dropping from 5th to 10th.
  • Hyundai experienced a slide as well, falling from 8th to 11th place.
  • Since the summer of 2022, Polestar has steadily climbed in the rankings.
  • Renault Nissan made a significant leap, climbing from 8th to 4th place in the manufacturing group rankings over the three months leading up to November.
  • Stellantis, on the other hand, experienced a decline, falling from 5th to 8th place in the same period.

Market Movements and Trends

  • The UK economy has been hovering around 0% growth over the past two quarters.
  • Inflation rates in the UK have surged to above 10%.

Influences and Impacts

  • The overall auto market experienced a year-over-year growth of 26%, primarily attributed to easing supply chain shortages.

Is Ally Invest Available in the UK?

As a UK-based investor, you have many options when it comes to trading and investing platforms.

ally invest uk

One platform that has gained a lot of attention in recent years is Ally Invest. Offering a wide range of features, competitive fees, and a user-friendly interface, it’s a platform worth considering if you’re looking to invest your money.

But is Ally Invest available in the UK?

Is Ally Invest Available in the UK?

Ally Invest is a US stockbroker that provides a wide selection of investment services, including self-directed trading, managed portfolios, and wealth management.

However, Ally Invest is not available in the United Kingdom.

The platform focuses on US markets and is overseen by top-tier US regulators, such as the SEC and FINRA.

Therefore, UK investors will not be able to access the platform to invest in US-listed stocks and other investments. Although Ally Invest is not accessible in the UK, it offers competitive rates and fees for investors based in the United States.

It is worth noting that Ally Invest provides a high level of investor protection and is regulated by top-tier authorities, ensuring a secure and reliable platform for US-based investors.

The account opening process is easy and fully digital, making it an excellent choice for beginner investors and those looking to manage their finances online.

Despite its unavailability in the UK, Ally Invest remains a popular option for US investors due to its low trading fees, intuitive platform, and extensive educational resources.

Also read about the best Wealth Management Apps, UK Debt Stats and here is a list of Jobs that are in Demand.

What Investment Services Does Ally Offer?

Ally Invest offers a wide range of investment services designed to meet the needs of various investors. The two main services provided by Ally Invest are self-directed trading and managed portfolios.

Self-directed trading allows investors to have complete control over their investments, with $0 commissions on most US-listed stock and ETF trades, and competitive fees on options trades.

Self-Directed Online Trading & Automated Investing

Additionally, Ally Invest offers advanced charting tools and calculators to help investors make informed decisions while managing their own portfolio.

For those who prefer a more hands-off approach to investing, Ally offers managed portfolios, also known as robo-advisors.

These automated portfolios are designed to match an individual’s personal goals, risk tolerance, and investment preferences, without requiring constant monitoring from the investor.

Managed portfolios offer a variety of options, including cash enhanced, market focused, socially responsible, and tax optimized accounts, catering to investors with different objectives and values.

The minimum required to open a managed portfolio account is $100, allowing for easy access to a diverse range of investors.

Beyond these main services, Ally Invest also offers wealth management solutions for those with a minimum of $25,000 in investable assets.

This service provides personalized advice and support from a dedicated advisor team to help clients reach their financial goals.

Additional resources, such as in-depth research tools, educational content, and 24/7 customer support, are also available to help investors make the most of their Ally Invest experience.

What Are the Robo Portfolio Types Offered by Ally?

Ally Invest provides a smart robo-advisor technology that offers diversified exchange-traded funds (ETFs) tailored to meet your unique investment style and risk tolerance.

Automated Investing Robo Portfolios

The robo portfolios provided by Ally consist of various types to cater to different preferences and goals. These are:

  • Cash Enhanced: This type maintains an interest-earning cash buffer, offering a more conservative approach to investment. Investors can benefit from growth opportunities while maintaining a safety net.
  • Market Focused: Created to provide market exposure across multiple asset classes, this portfolio type aims for maximum returns. Investments are diversified, thus mitigating risk.
  • Socially Responsible: This option is designed for investors who want to support socially and environmentally responsible companies. The portfolio selects ETFs that meet specific ESG (Environmental, Social, and Governance) criteria.
  • Tax Optimized: This type of portfolio seeks to minimize taxable events and maximize after-tax returns, making it a great choice for investors concerned about taxes on their investment gains.

By offering a variety of robo portfolio types, Ally Invest caters to the needs and preferences of different investors, helping them build a personalized investment account aligned with their personal goals and market preferences.

What Are the Wealth Management Services Provided by Ally?

Ally Invest’s Wealth Management services provide investors with personalized advice and professionally designed portfolios that match their goals, risk tolerance, and time horizon. Here’s an overview of the wealth management services Ally offers:

  • Personalized advice: A dedicated advisor works closely with you to develop a customized investment strategy based on your financial goals, investment preferences, and risk tolerance.
  • Portfolio construction: Your dedicated advisor creates a diversified investment portfolio using ETFs, mutual funds, and other investment products, tailored to match your individual goals and preferences.
  • Account protection: Ally Invest is a member of the Securities Investor Protection Corporation (SIPC), providing up to $500,000 in account protection, including a $250,000 limit for cash claims. Additional coverage is available, protecting clients up to $37.5 million.
  • Seamless transfers: Transfers between Ally Bank and Ally Invest accounts can be done seamlessly, allowing easy management of your financial accounts.
  • 24/7 client service: Ally offers around-the-clock customer support, ensuring any account questions or concerns are addressed promptly.
  • Dedicated concierge team: Wealth Management clients have access to a concierge team, providing personalized and prompt assistance with account inquiries and portfolio management.
  • Educational resources: Ally Invest offers a wide selection of resources, including informational articles and advanced charting tools, to help you make informed investment decisions and deepen your understanding of investment strategies.

Overall, Ally Invest’s Wealth Management services offer comprehensive and personalized financial advice, making them a suitable choice for investors seeking professional guidance and support in managing their investment portfolios.

What Are the Advanced Resource Tools Available at Ally Invest?

Ally Invest provides a wide selection of resource tools for investors to better understand and manage their investments. These resources are designed to cater to both beginners and advanced traders, with a focus on education and accessibility. Some of the advanced resource tools available at Ally Invest include:

  • Advanced charting tools: Ally Invest offers an intuitive and advanced charting package, allowing traders to analyze historical price data and identify patterns for better-informed trading decisions.
  • ETF screener: This powerful tool helps users identify the top-performing ETFs based on their preferred criteria, including asset class, sector, region, and more.
  • Options screener: Ally Invest offers a comprehensive options screener, letting traders find the options contracts that best fit their investing strategies and market preferences.
  • Fixed income screener: With this useful tool, users can search for bonds and other fixed-income investments by filtering through maturity, rating, yield, and other important factors.
  • Stock screener: This advanced screening tool allows investors to search for stocks by filtering through various criteria, including price performance, valuation, and financial health.
  • Portfolio analysis: Ally Invest offers in-depth portfolio analysis and reporting tools, helping users monitor their investments and optimize their asset allocation. This includes features like performance tracking, asset allocation analysis, and a goal timeline.
  • Calculators and tools: Ally Invest provides a variety of calculators and other tools to help investors make informed decisions, such as retirement planning calculators, dividend reinvestment program, and more.

How Easy Is It to Trade with Ally Across Multiple Devices?

Trading with Ally Invest across multiple devices is designed to be easy and seamless, providing a consistent and user-friendly experience for all types of investors. The platform caters to both beginner and advanced traders, with a focus on ease of use and intuitive navigation. Some highlights of the Ally Invest trading experience across devices include:

  • Responsive web platform: The Ally Invest web trading platform is designed to be accessible from any device with a web browser, ensuring a smooth and consistent trading experience across desktop computers, laptops, tablets, and smartphones.
  • Ally Invest mobile app: The Ally app is available for Android and iOS devices, allowing users to manage their investments on the go. The app offers a range of enhanced features such as advanced charting, streaming quotes, and the ability to place trades from anywhere with an internet connection.
  • Intuitive platform design: Both the web platform and mobile app are designed to be user-friendly, with intuitive menus and a streamlined layout that simplifies the trading experience. This ensures that investors can easily access important features and tools, whether they’re using a computer or mobile device.
  • Seamless transfers: Ally Invest allows for smooth transfers between Ally Bank and Ally Invest accounts, making it easy for investors to manage their funds across multiple accounts and devices.
  • Reliable platform performance: Ally Invest’s platforms are designed to be reliable and responsive, ensuring that investors can access their accounts and make trades with minimal downtime or delays.

What Are the Customer Service Options at Ally Invest?

Ally Invest prioritizes customer support as an essential aspect of their services, ensuring that clients receive assistance whenever necessary. They provide 24/7 customer service through a variety of channels:

  • Phone support: Customers can contact Ally Invest with any account questions or concerns via their dedicated phone line.
  • Live chat: A live chat option is available on Ally Invest’s website for instant assistance with any issues related to their trading platform, account information, and more.
  • Email support: Customers can also send an email to Ally Invest’s support team for assistance with more detailed queries or concerns.
  • Social media: Ally Invest is active on social media platforms like Twitter and Facebook, where customers can receive prompt responses to questions or concerns.

While Ally Invest strives to provide reliable and responsive customer support, their response times can be average during busy periods. However, the variety of customer service channels offered ensures that clients can find the help they need.

What Are the Account Types Offered by Ally Invest?

Ally Invest aims to cater to a wide range of investors by providing various account types that suit different investing preferences and goals. These account types include:

  • Individual and joint taxable accounts: Ally Invest offers individual and joint brokerage accounts that allow investors to trade stocks, ETFs, options, bonds, and mutual funds with $0 commissions on most stock and ETF trades.
  • Traditional, Roth, and SEP IRAs: Investors can also open Individual Retirement Accounts (IRAs) with Ally Invest to plan for their retirement. These accounts offer tax advantages and have no account minimums.
  • Managed portfolios: For hands-off investors, Ally Invest provides robo-advisory accounts starting at a minimum deposit of $100. These portfolios are created using a blend of diversified exchange-traded funds (ETFs) to align with the investor’s risk tolerance and investment horizon.
  • Education Savings Accounts (ESAs): Ally Invest offers Coverdell Education Savings Accounts, allowing parents to save and invest for their children’s education costs with tax-free earnings growth.
  • Forex accounts: Forex trading can be conducted through a separate account with Ally Invest. However, note that forex accounts have different regulations and are not protected by SIPC or the additional coverage provided to other account types.

With a wide range of account types offered by Ally Invest, investors can find a suitable option to meet their unique financial goals and preferences in trading and investing.

Wealth Management Apps Uk

When it comes to managing your wealth in the UK, investment apps have emerged as a convenient and accessible solution.

uk apps wealth management

However, with numerous choices available, it can be challenging to select the best one.

Find out which are the best investment apps in the UK, considering factors like performance, user experience, and customer feedback.

With this comprehensive guide, you can confidently navigate the world of wealth management apps and make well-informed investment decisions.

More content: Read our honest XTB Review, Bitpanda Review and UK Trading Apps.

The Best Wealth Management Apps in the UK

With the rise of mobile technology and the convenience of managing finances at our fingertips, there are plenty of wealth management apps in the UK to choose from. Here are some of the best options available:

1. eToro

eToro is a popular investment app in the UK that makes investing easy and accessible for everyone. It lets you buy and sell all kinds of stuff – shares of companies, cryptocurrencies like Bitcoin, and commodities like gold and oil.

In eToro, you can also ‘copy’ other traders, meaning you can automatically mimic their trades. This is cool because it allows you to learn from those who are more experienced, kind of like having a personal mentor.

Why I like this app

What I love about eToro is its social trading feature. This lets you follow successful investors and copy their trades automatically. It’s an easy way to learn about investing while making money at the same time. The app is also very user-friendly with its sleek design and simple navigation.

– Fees: Trading is commission-free, but there are fees for withdrawing money and for inactivity.
– Minimum deposit: $200
– Trading products available: Stocks, Cryptocurrencies, ETFs, Indices, Commodities, Currencies


– The $5 withdrawal fee can be annoying, especially for small investors.
– There is a $10 inactivity fee if you don’t log in for 12 months.
– The minimum deposit might be high for beginners.

2. Chip

Chip is a different kind of app. Instead of trading, it’s all about saving money. Chip connects to your bank account and automatically saves money for you based on your spending habits.

It uses artificial intelligence to figure out how much you can afford to save without affecting your lifestyle. That way, you can save money without even thinking about it. It’s like a virtual piggy bank that gets smarter over time.

Why I like this app

Chip makes saving effortless and intuitive. The AI-powered autosave feature is excellent at squirreling away bits of money here and there. Before you know it, you’ve built up a nice little nest egg. Plus, you can earn interest on your savings.

– Fees: The basic plan is free, but for additional features, there are two paid plans – ChipAI (£1.50 every 28 days) and ChipX (£3 every 28 days).
– Minimum deposit: No minimum deposit
– Products available: Easy access savings, Interest accounts


– You have to pay for the best features with ChipAI and ChipX plans.
– It does not offer investment options.
– The app only supports certain UK banks.

3. Freetrade

Freetrade is a stock trading app, making investing in stocks easy for everyone. With this app, you can buy and sell shares from companies around the world, including big names like Amazon and Tesla.

Freetrade simplifies trading. You don’t need to be a Wall Street expert to use it. All you need is a smartphone and a little bit of money to invest.

Why I like this app

Freetrade is great for beginners because it simplifies investing. The app is easy to navigate, and it offers educational content to help you learn about investing. Plus, there are no hidden costs or complicated fees.

– Fees: Free basic trades, £3/month for ISA account, instant trades are £1 each
– Minimum deposit: £2
– Trading products available: Stocks, ETFs, Investment Trusts


– Freetrade does not offer CFDs or forex trading.
– Instant trades cost £1 each.
– There’s a £3/month fee for the ISA account.

Also check out whether or not Ally Invest accepts UK customers.

4. InvestEngine

InvestEngine is an investment app that offers two ways to invest your money. You can manage your investments by yourself, picking and choosing what to invest in. Or you can let InvestEngine do the work for you with its robo-advisory service.

Whether you’re an experienced investor or new to the game, InvestEngine provides the tools and support to help grow your money.

Why I like this app

InvestEngine impresses with its flexibility. It’s great for hands-on investors who want to select their own investments, but the robo-advisory option is a handy feature for those who prefer a hands-off approach. The app is user-friendly, and its low-cost model is a major plus.

– Fees: 0.25% annual management fee for the Robo-advisory service, free for DIY investing, but underlying fund charges apply
– Minimum deposit: £100
– Trading products available: ETFs


– Limited to ETFs, no option for investing in individual stocks or bonds.
– No mobile app, the platform is web-based.
– The robo-advisory option might not be detailed enough for experienced investors.

5. CMC Invest

CMC Invest is a relatively new trading app from CMC Markets. It allows you to buy and sell shares and ETFs from companies across the globe. CMC Invest makes it straightforward to start investing, even with a small amount of money.

With CMC Invest, you’re not just investing, you’re learning. The app provides tools to help you understand investing better.

Why I like this app

CMC Invest shines with its commitment to educate its users. The app provides valuable resources to help you make informed decisions. It also provides a smooth and straightforward user experience, perfect for beginners.

– Fees: £0 commission on all trades, foreign exchange fee up to 0.5%
– Minimum deposit: £0
– Trading products available: Shares, ETFs


– It’s a new app, so some features might still be in development.
– The app only supports shares and ETFs – no options, futures or forex trading.
– Forex fee can add up on international trades.

6. Moneybox

Moneybox is an app that makes saving and investing simple and fun. You can start by rounding up your spare change from daily purchases and investing it. Moneybox also offers various saving accounts and personal pensions, helping you build your financial future.

Whether you’re saving for a rainy day or your retirement, Moneybox has got you covered.

Why I like this app

I appreciate Moneybox for its innovative approach to investing. The “round-up” feature is a creative way to save money without even noticing it. It’s also a very user-friendly app, and the choice of different financial products makes it versatile.

– Fees: £1/month subscription fee, platform fee of 0.45% per year, fund provider costs of 0.12% – 0.3% per year
– Minimum deposit: No minimum deposit
– Trading products available: Stocks & Shares ISA, Junior ISA, Personal Pension, GIA, Lifetime ISA


– The monthly subscription fee is charged regardless of investment size.
– Not suitable for those who want to pick individual stocks.
– Limited range of funds to choose from.

7. Interactive Investor

Interactive Investor is one of the UK’s leading online investment platforms. With this app, you can invest in shares, funds, investment trusts, and more. It’s a robust platform offering extensive tools and resources to help you make informed investment decisions.

Interactive Investor is designed for people who are serious about investing. It doesn’t matter if you’re a beginner or a pro – this app has something for everyone.

Why I like this app

Interactive Investor stands out for its extensive range of investment choices. Whether you’re into stocks, bonds, or ETFs, this platform has you covered. It also offers valuable research and insights, which are great for making informed decisions.

– Fees: Flat monthly fee starting at £9.99, plus trading fees
– Minimum deposit: £0
– Trading products available: Shares, Funds, Bonds, ETFs, Investment Trusts, SIPPs


– Trading fees can add up if you trade frequently.
– The flat monthly fee can be high for those with a small investment portfolio.
– The platform might be overwhelming for absolute beginners.

8. AJ Bell

AJ Bell is an easy-to-use investment platform that lets you buy and sell shares, funds, bonds, and more. The app offers a range of accounts including ISAs, SIPPs, and Dealing accounts to fit your investment needs.

Whether you’re investing for the first time or you’re an experienced investor, AJ Bell makes the process straightforward and efficient.

Why I like this app

AJ Bell is great for its simplicity and comprehensive investment options. It offers a user-friendly interface which makes navigating investments easier. It also provides educational resources which can help beginners understand the basics of investing.

– Fees: Custody charge from 0.25% to 0.05%, plus dealing charges
– Minimum deposit: £1
– Trading products available: Shares, Funds, Bonds, ETFs, Investment Trusts


– Dealing charges can add up if you trade frequently.
– Fees are higher for smaller portfolios.
– Limited research tools compared to some other platforms.

9. Hargreaves Lansdown

Hargreaves Lansdown is one of the UK’s largest investment platforms. It offers a broad range of investment options, from shares and funds to bonds and ETFs. The app is designed to make investing as easy as possible, with tools, research, and advice to help you along the way.

With Hargreaves Lansdown, you’re not just investing. You’re building your financial future.

Why I like this app

I like Hargreaves Lansdown for its comprehensive investment offerings and excellent customer service. It’s an easy-to-navigate app, offering a wealth of resources to help investors make informed decisions. Its reputation as a reliable and trustworthy platform is also a big plus.

– Fees: Up to 0.45% account charge, plus dealing charges
– Minimum deposit: £100 or £25 per month
– Trading products available: Shares, Funds, Bonds, ETFs, Investment Trusts


– Fees can be high for those with smaller portfolios.
– Not the cheapest platform if you trade frequently.
– The wealth of information can be overwhelming for beginners.

10. Wealthify

Wealthify is a robo-advisor app that offers simple and affordable investing for everyone. It uses smart technology to create and manage personalised investment plans based on your risk level.

With Wealthify, you don’t have to be an expert in investing. All you need to do is answer a few questions, and the app does the rest. It’s like having a personal financial advisor in your pocket.

Why I like this app

I’m a fan of Wealthify’s simplicity and ease of use. The app’s user-friendly design makes investing a breeze, even for novices. The robo-advisor approach takes the guesswork out of investing, making it a great choice for those looking to dip their toes into the investment world.

– Fees: 0.6% annual management fee, plus underlying fund charges (0.22% average)
– Minimum deposit: £1
– Trading products available: Fully managed portfolios


– Limited control over your investments as they are managed for you.
– Not suitable for experienced investors looking for advanced trading options.
– No option to invest in individual stocks or bonds.

What Is Wealth Management and How Can Apps Help?

Wealth management is the process of growing and maintaining an individual’s financial assets to achieve their financial goals, both short-term and long-term.

This can involve various investment strategies, such as investing in stocks, bonds, ETFs, and more. Managing one’s wealth effectively can result in increased financial security and a higher net worth over time.

Utilizing wealth management apps can simplify this process, making it accessible even for those with little investment knowledge.

These apps provide a convenient and easy way to invest in a range of financial products, monitor portfolio performance, and gain valuable insights into market trends.

By harnessing the power of smartphones and mobile internet, individuals can manage their wealth and build a solid financial portfolio from anywhere in the world.

As a result, wealth management apps help users achieve their financial goals, stay updated on financial news, and make informed investment decisions, no matter their level of investing savviness.

Why Should You Consider Investing in Stocks and Shares?

Investing in stocks and shares can be a viable way to grow your wealth, beat inflation, and potentially earn passive income. With the right approach, investing in the stock market can lead to higher returns when compared to traditional savings accounts or cash deposits. Here are a few key reasons to consider investing in stocks and shares:

  • Growing wealth: Over the long-term, stocks have a history of generating higher returns than cash deposits or bonds, making them an attractive option for building wealth.
  • Beating inflation: When inflation rates are higher than the interest rates offered by savings accounts and fixed deposits, investing in stocks and shares can help protect the purchasing power of your money.
  • Diversification: Investing in a mix of asset classes, including stocks, bonds, and commodities, can help spread risk and potentially increase the overall return of your investment portfolio.
  • Passive income: Many stocks and shares pay dividends, which can provide a potential source of passive income.
  • Compound interest: The compounding effect of reinvesting dividends can significantly increase the long-term returns of your investment.

How to Get Started Investing Money in the UK

Investing money in the UK can be a straightforward process if you follow the right steps. Here’s a guide on how to get started with investing:

  • Choose the right investment product and platform: Consider using a wealth management app like Freetrade, eToro, or Moneybox, which offer various account types and investment options tailored for beginners and experienced investors alike.
  • Pick a tax-efficient account: Utilize tax-efficient accounts like Individual Savings Accounts (ISAs) and pensions, which offer tax-free growth and additional tax advantages, such as government bonuses or tax relief.
  • Research and analyze: Educate yourself in basic investment principles, such as diversification, risk and reward, and time horizons. Use resources like financial news articles, investment advice websites, and stock market analysis tools to make informed investment decisions.
  • Develop an investment strategy: Determine your risk tolerance, investment goals, and time horizon. Then, create a diversified investment strategy that aligns with these factors. For beginners, consider starting with low-cost index funds or a passive investing strategy.
  • Open an account: Sign up for an investment account with a chosen wealth management app or platform. Depending on the provider, you may need to fill out an online assessment to confirm your investor profile and risk tolerance.
  • Invest regularly: Set up a regular investing schedule with automatic deposits, if possible. This allows you to take advantage of dollar-cost averaging, which can help minimize the impact of market fluctuations.
  • Monitor your portfolio: Regularly review your investment performance, evaluate your asset allocation, and make any necessary adjustments to ensure your investments stay aligned with your broader financial goals.

By following these steps, you’ll be on your way to building a solid investment portfolio and working towards your long-term financial goals.

Choosing the Right Wealth Management App for Your Needs

With so many wealth management apps available in the UK, it can be challenging to find the one that best suits your needs. Here are a few factors to consider while choosing the right app:

  • Cost: Compare the fees and charges of various platforms, including annual management fees, platform fees, fund charges, currency conversion fees, and transaction costs. Look for low-cost or commission-free options.
  • Investment options: Ensure the app offers a good variety of asset classes, including stocks, ETFs, bonds, and more. Additionally, check if the app provides ethical or socially responsible investment options if that is your preference.
  • Ease of use and beginner-friendliness: Choose an app with an intuitive interface, easy navigation, and useful resources for beginners, like tutorials and how-to guides.
  • Risk tolerance and investment style: Consider your risk tolerance and investment style while selecting an app. Look for platforms that offer risk-rated portfolios, robo advisors, and personalised investment strategies.
  • Regulation and security: Opt for apps that are regulated by the Financial Conduct Authority (FCA) and offer FSCS protection for your investments. The app must also have robust security measures, such as data encryption and two-factor authentication.

Tips for Successful Wealth Management and Investing

Managing your wealth and investing successfully requires a strategic approach and careful planning. Here are some tips to help you on your investment journey:

  • Define your investment goals: Establish specific, measurable, achievable, relevant, and time-bound (SMART) investment goals. This will help you create an investment strategy tailored to your needs.
  • Diversify your portfolio: Investing in a wide range of assets reduces risk and increases the potential for returns. Allocate your investments across multiple asset classes, industries, and geographical locations.
  • Adopt a long-term perspective: Focus on long-term growth by adopting a buy-and-hold strategy. Avoid the temptation to time the market or make impulsive decisions based on short-term fluctuations.
  • Consider compound interest: Reinvest your earnings to benefit from the compounding effect, which can significantly boost your investment returns over time.
  • Stay informed: Keep yourself updated on financial news, market trends, and the performance of your investments. Regularly monitor and review your portfolio to make any necessary adjustments.
  • Choose tax-efficient accounts: Take advantage of tax-efficient accounts like Stocks and Shares ISA and Lifetime ISA, which allow you to grow your wealth without incurring additional tax liabilities.
  • Seek professional advice if needed: If you are unsure about any aspect of wealth management or investing, consider consulting a financial advisor who can provide guidance tailored to your individual circumstances.

Common Questions and FAQs About Wealth Management Apps

When it comes to wealth management apps in the UK, many people have questions about how to get started, which platforms are best, and other general concerns. We’ve collected some of the most common questions surrounding wealth management apps and provided helpful answers to guide you in your decision-making process.

1. How do I start investing with a wealth management app?

To begin investing with a wealth management app, you’ll first need to choose a suitable platform based on your needs and preferences.

Once you’ve selected an app, sign up for an account and complete any required online assessments to determine your investor profile, risk tolerance, and investment goals. After completing the setup process, you can deposit funds and begin building your investment portfolio.

2. Can I invest with a small amount of money?

Yes, many wealth management apps cater to beginner investors or those with limited funds.

Apps like Moneybox, Plum, and Wombat allow for minimum deposits as low as £1, making it possible to invest with small amounts and gradually grow your wealth over time.

3. Are wealth management apps safe?

Reputable wealth management apps in the UK are regulated by the Financial Conduct Authority (FCA) and often provide FSCS protection to safeguard consumers’ investments.

Additionally, these platforms utilize data encryption and security measures such as two-factor authentication to protect users’ personal information and financial details.

4. What are some of the best stocks for beginners?

For beginner investors, low-cost index funds, exchange-traded funds (ETFs), and global stock-market index funds are often recommended due to their diversification and lower risk compared to individual stocks.

It’s essential to research and understand your chosen investments and consider seeking advice from experts or financial advisors if needed.

5. How do I choose the best investment app for me?

Selecting the best investment app depends on several factors, including your financial goals, risk tolerance, investment knowledge, and preferred investment styles.

Consider researching different platforms, reading user reviews, and comparing fees, offerings, and user experience to find the app that best suits your needs.

How To Stay Informed

To further educate yourself on the topic of wealth management apps and investing, we’ve compiled a list of resources and related articles for your convenience. These resources include financial news, research, tips, and advice to help improve your understanding of investing and make better-informed decisions.

  • Financial News and Research: Staying updated with the latest financial news and conducting thorough research is crucial for successful investing. Websites like Bloomberg, Financial Times, Yahoo Finance, and CNBC provide global stock market updates, financial research, and expert insights to help you stay informed on developments and trends in the world of finance.
  • How-to Guides and Investment Tips: Beginner investors or those looking to expand their investing savviness can benefit from reading how-to guides and investment tips from experts. Websites like Investopedia, The Street, and The Motley Fool offer beginner-friendly articles, tips, and analyses to help educate users on investment strategies and market trends.
  • Personal Finance Blogs and Podcasts: Following personal finance blogs and podcasts can provide valuable insights into individual investment strategies, personal finance management, and real-life stories from successful investors. Blogs like Money to the Masses, Mr. Money Mustache, and Financial Samurai offer a wealth of information and guidance on saving, investing, and money management.
  • Online Investing Communities: Joining online investing communities can provide you with a platform to discuss investment ideas, share experiences, and gain insights from other investors. Communities like r/investing on Reddit, Bogleheads Forum, and Monevator provide forums for discussion and knowledge sharing among like-minded individuals.


UK Debt Statistics

UK Debt Statistics Report:

  • Outstanding mortgage lending stood at £1,584.8 billion at the end of April 2022, an increase of £62.3 billion from a year earlier.
  • The average UK house price in May 2022 was £289,099, rising by 3.2% in the three months to May 2022 and by 10.5% in the year to May 2022.
  • The average house price for first-time buyers in Great Britain was £234,468 in April 2022, an annual increase of 11.8% and a monthly change of 1.1%.
  • Private rental prices in the UK rose by 2.8% in the 12 months to May 2022, with the median rent in England being £795 and £1,450 in London.
  • In 2020-2021, 34.7% of households owned their home outright, 30.1% had a mortgage, 18.5% rented privately, and 16.6% paid a social rent.
  • At the end of Q1 2022, there were 152,929 mortgage loan accounts with arrears of more than 1.5% of the current loan balance, a 10.4% decrease from Q1 2021.
  • UK Finance estimated that 580 homeowner properties were taken into possession in the UK in Q1 2022, up from 200 in Q1 2021, approaching pre-pandemic levels.

uk debt statistics

Daily Debt Statistics

  • The UK population increased by approximately 777 individuals daily from 2019 to 2020.
  • Average daily household expenditure on utilities (water, electricity, and gas) in the UK amounts to £4.15.
  • From March to May 2022, 342 people were declared insolvent or bankrupt daily in England and Wales, equating to one person every 4 minutes and 13 seconds.
  • In April 2022, Northern Ireland experienced 4.6 insolvencies daily, while Scotland saw 21.0 insolvencies daily in the three months leading up to March 2022.
  • England and Wales’ Citizens Advice Bureaux handled 2,030 debt-related issues daily in the year ending May 2022.
  • Between January and March 2022, 6.4 UK properties were repossessed daily, or one every 3 hours and 43 minutes.
  • Daily decrease of UK mortgages with over 2.5% arrears in the remaining balance was 22.8 in the year ending March 2022.
  • The number of unemployed individuals in the UK decreased by 973 daily in the twelve months leading up to April 2022.
  • 629 people reported redundancy daily from February to April 2022.
  • Net lending to UK individuals and housing associations increased by £190.3 million daily in April 2022.
  • UK government debt rose by £554 million daily in the three months up to May 2022.
  • Borrowers paid £126 million in interest daily in April 2022.
  • The average daily cost of raising a child for a couple in the UK is £24.44, from birth until 18 years of age.
  • Lone parents in the UK spend an average of £29.50 per day on raising a child.
  • Daily mortgage possession claims and orders in England and Wales from January to March 2022 were 32.1 and 25.5, respectively.
  • During the same period, 211 landlord possession claims and 144.2 landlord possession orders were made daily.

Current Cost of Living Crisis in the UK

  • 8 out of 10 workers who worked from home during the pandemic plan to continue hybrid working after restrictions lifted, with the proportion of hybrid workers increasing from 13% in February 2022 to 24% in May 2022, while exclusive remote workers decreased from 22% to 14% (ONS).
  • Families with two children face an estimated 13% annual increase in costs, outpacing the official inflation rate of 9.1%, leading to approximately £400 more in monthly expenses for essentials like food, rent, and heating (Joseph Rowntree Foundation, Loughborough University).
  • 63% of ethnic minority individuals experienced a negative impact on their cost of living due to the pandemic, compared to 59% of all UK adults (LifeSearch Health, Wealth and Happiness Index).
  • 46% of people receiving assistance from Citizen’s Advice have a negative budget, meaning their essential spending surpasses their income (Citizen’s Advice).
  • 74% of adults reported their mental health being negatively affected in the past two years, with 28% attributing it to the rising cost of living, followed by 27% citing Covid restrictions (LifeSearch Health, Wealth and Happiness Index).

Personal Debt in the UK

  • As of April 2022, total personal debt in the UK reached £1,786.6 billion, with £1,584.8 billion in secured mortgage debt and £201.9 billion in unsecured consumer debt, including £60.9 billion in credit card debt.
  • UK personal debt increased by £67.1 billion from April 2021 to April 2022, resulting in an additional £1,269.14 per adult.
  • Average total debt per household (including mortgages) stood at £64,286, and per adult at £33,780, or 105.3% of average earnings, as of April 2022.
  • Over a 12-month period, the UK’s total interest payments on personal debt amounted to £46,133 million, averaging £126 million per day.
  • Office for Budget Responsibility’s March 2022 forecast predicts household debt to rise from £2,019 billion in 2020 to £2,447 billion in 2025, making the average total household debt £85,906.
  • Consumer credit debt reached £201.9 billion by April 2022, with outstanding credit card debt at £60.9 billion.
  • Total net lending to individuals and housing associations increased by £5.7 billion in April 2022, with net mortgage lending rising by £4.6 billion and net consumer credit lending increasing by £593 million.
  • In Q1 2022, lenders wrote off £773 million, including £270 million in credit card debt.
  • Citizens Advice Bureaux in England and Wales dealt with 2,030 debt issues daily in the year to May 2022.
  • In Scotland, Citizens Advice Scotland gave 79,122 pieces of advice in April 2022, with debt advice comprising 10% of the total.
  • In Northern Ireland, Advice NI’s Debt Action service handled 357 cases involving debt issues in May 2022, covering £1.6 million of debt.
  • StepChange Debt Charity assisted 12,500 new clients in April 2022, with 64% having credit card debt, 46% with personal loan debt, 33% with overdrafts, and 35% with catalogue debt.
  • 31,435 individual insolvencies occurred in England and Wales from March to May 2022, equivalent to 342 people per day or one person every 4 minutes and 13 seconds.
  • In Northern Ireland, there were 144 individual insolvencies in May 2022, or 4.6 per day.
  • In Scotland, there were 1,894 personal insolvencies from January to March 2022, or 21.0 per day.
  • 2,494 Consumer County Court Judgements (CCJs) were issued daily in England and Wales from January to March 2022, while in Northern Ireland, there were 10 consumer debt judgements per day, and in Scotland, 43 consumer debt decrees were registered daily.

Mortgages, Rent, and Housing

  • Mortgage debt in the UK increased to £1,584.8 billion at the end of April 2022, up £62.3 billion from a year earlier.
  • The average outstanding mortgage for households with mortgage debt was £144,332 in April 2022.
  • Average mortgage interest rates were 2.05% at the end of April 2022, with new loans having an average interest rate of 1.83%.
  • Gross mortgage lending in Q1 2022 was £76.9 billion, 7.5% lower than the same quarter in the previous year.
  • House prices in the UK increased by 11.2% in May 2022, with the average price reaching £289,099.
  • First-time buyer average house price was £234,468 in April 2022, with a typical deposit of 23% of the purchase cost or £53,928.
  • Private rental prices in the UK increased by 2.8% in the 12 months to May 2022, with the median rent in England at £795.
  • The percentage of outright homeowners was 34.7%, while 30.1% were mortgagors, 18.5% rented privately, and 16.6% paid social rent.
  • Mortgage loan accounts with arrears of more than 1.5% of the current loan balance were 152,929 at the end of Q1 2022, down 10.4% from Q1 2021.
  • There were 580 homeowner property possessions in Q1 2022, up from 200 in Q1 2021, approaching pre-pandemic levels.

Arrears and Repossessions in the UK

  • At the end of Q1 2022, there were 152,929 mortgage loan accounts with arrears of more than 1.5% of the current loan balance, representing a 1.1% decrease from the previous quarter and a 10.4% decrease from Q1 2021.
  • In Q1 2022, 49.3% of payments due for loans in arrears were received.
  • UK Finance reported that 75,670 (0.85%) of homeowner mortgages had arrears equivalent to at least 2.5% of the outstanding mortgage balance in Q1 2022, marking a 5.0% decrease from the previous quarter.
  • Over the last year, mortgages in arrears have decreased by an average of 22.8 per day.
  • UK Finance estimated that 580 homeowner properties were taken into possession in Q1 2022, up from 200 in Q1 2021, which equates to 6.4 properties per day or one property every three hours and forty-three minutes.
  • In England and Wales, between January and March 2022, an average of 32.1 mortgage possession claims were issued, and 25.5 mortgage possession orders were made daily.
  • During the same period, 211 landlord possession claims were issued, and 144.2 landlord possession orders were made daily.
  • Compared to Q4 2019, mortgage possession claims fell by 54%, orders by 48%, landlord possession claims by 25%, and landlord possession orders by 37%. This decrease was due to the forbearance action by the Government and the FCA in response to the Covid-19 pandemic.
  • Possession claims and orders increased in Q2 and Q3 2021 from the low levels observed in mid-2020.


Jobs in Demand in the UK

Jobs that are in demand are constantly shifting and evolving in the UK — it’s crucial to stay ahead of the curve (and keep your career game strong).

uk jobs

According to the Office for National Statistics 14.2% of jobs were low paid.

Let’s delve into the world of jobs that are in demand, providing you with original insights (and comprehensive analysis) to help you make informed decisions about your career.

Fast-Growing Jobs in the UK

High-skilled jobs are crucial in our knowledge-intensive economy.

With the job market changing rapidly, it’s essential to explore various pathways to get into them, and one exciting option is through apprenticeships. The great news is that a report has been created to help raise awareness of the opportunities available, and provide expert advice and resources to help navigate prospective careers.

As we explore the fast-growing jobs in the UK, you’ll notice that various sectors are experiencing a surge in demand for skilled professionals.

1. Artificial Intelligence Specialist

An Artificial Intelligence Specialist is responsible for developing and implementing intelligent systems that can learn and adapt to changing environments. They use algorithms and machine learning to create intelligent systems that can make predictions and recommendations based on data analysis.

Skills needed: programming languages (such as Python, R), machine learning, deep learning, natural language processing, data analysis.

Industries hiring: IT, healthcare, finance, e-commerce.

2. Data Protection Officer

A Data Protection Officer ensures that an organization is complying with data protection regulations and laws, and that customer data is secure. They monitor and analyze data protection processes and policies, develop and implement data protection strategies, and ensure that data protection training is provided to employees.

Skills needed: data protection regulations and laws, risk management, IT security, data privacy, communication.

Industries hiring: IT, finance, healthcare, government, legal.

3. Robotics Engineer

A Robotics Engineer designs and develops robotic systems that can perform tasks autonomously. They work with electronic, mechanical and software engineers to design, build, and test robotic systems, and may also be involved in programming and testing the software that controls the robots.

Skills needed: robotics, electronics, mechanical engineering, software engineering, programming.

Industries hiring: manufacturing, healthcare, automotive, aerospace.

4. Site Reliability Engineer

A Site Reliability Engineer is responsible for ensuring the reliability, scalability, and performance of web-based applications and services. They design and implement systems to automate the deployment and monitoring of applications, and work to improve the efficiency and resilience of web services.

Skills needed: system administration, software engineering, networking, cloud computing, automation.

Industries hiring: IT, e-commerce, finance, healthcare.

5. Customer Success Specialist

A Customer Success Specialist works to ensure that customers are satisfied with a company’s products or services, and helps them to resolve any issues or problems they may encounter. They act as a liaison between the customer and the company, and work to build long-term relationships with customers.

Skills needed: customer service, communication, problem-solving, relationship building.

Industries hiring: IT, e-commerce, finance, healthcare, retail.

6. User Researcher

A User Researcher conducts research to understand user behavior and preferences, and uses this information to improve the design of products and services. They conduct surveys, interviews, and usability testing to gather feedback and insights from users, and work with designers and developers to implement changes.

Skills needed: research methods, data analysis, user experience design, communication.

Industries hiring: IT, e-commerce, finance, healthcare, government.

7. Data Scientist

A Data Scientist analyzes and interprets complex data sets to identify patterns and trends, and uses this information to make business decisions. They use statistical analysis, machine learning, and data visualization techniques to analyze and interpret data, and may work with other data analysts and business stakeholders.

Skills needed: statistical analysis, data mining, machine learning, data visualization, communication.

Industries hiring: IT, finance, healthcare, e-commerce.

8. Sales Development Representative

A Sales Development Representative is responsible for generating leads and qualifying potential customers for a company’s sales team. They conduct outreach and follow-up activities to identify potential customers, and work to build relationships with them.

Skills needed: sales, communication, lead generation, customer relationship management, negotiation.

Industries hiring: IT, e-commerce, finance, healthcare, retail.

9. Cloud Engineer

A Cloud Engineer is responsible for designing and implementing cloud-based systems and services, and ensuring that they are secure, scalable, and performant. They work with other engineers to design and deploy cloud infrastructure, and may also be involved in troubleshooting and resolving issues with cloud-based systems.

Skills needed: cloud computing, system administration, networking, automation.

Industries hiring: IT, finance, healthcare, e-commerce.

10. Cyber Security Specialist

A Cyber Security Specialist is responsible for ensuring that an organization’s networks, systems, and data are secure and protected from cyber attacks. They monitor networks and systems for potential security threats, and develop and implement security protocols and procedures to prevent unauthorized access.

Skills needed: network security, information security, cyber security, risk management, communication.

Industries hiring: IT, finance, healthcare, government, retail.

11. Platform Engineer

A Platform Engineer is responsible for designing and implementing software platforms that can support and scale complex systems and applications. They work with other engineers to design and deploy platform infrastructure, and may also be involved in troubleshooting and resolving issues with platform-based systems.

Skills needed: software engineering, cloud computing, system administration, networking.

Industries hiring: IT, e-commerce, finance, healthcare.

12. Full Stack Engineer

A Full Stack Engineer is responsible for designing and developing both front-end and back-end components of web-based applications. They work with other engineers and designers to develop and deploy web applications, and may also be involved in troubleshooting and resolving issues with web-based systems.

Skills needed: web development, software engineering, database management, front-end development, back-end development.

Industries hiring: IT, e-commerce, finance, healthcare, government.

13. Content Designer

A Content Designer creates and develops content for various platforms and mediums, such as websites, social media, and marketing materials. They work with other designers and content creators to develop and implement content strategies, and may also be involved in analyzing and interpreting data to optimize content performance.

Skills needed: content creation, content strategy, copywriting, data analysis, communication.

Industries hiring: IT, e-commerce, finance, healthcare, media.

More statistics: Food Box Market Size and  Food Delivery Market Size

Highest Paying Jobs in the UK

First let’s look the the top3 cities by average salary:

Location Average Salary
London £49,100
Bristol £38,400
Portsmouth £37,600

Here is a list with the highest paying jobs by role:

Industry Average Salary
IT £49,400
Marketing £37,300
Consulting £37,400
Management £39,400
Finance £40,300
HR £41,000
Construction £41,700
Banking £43,100
Engineering £45,500
Design £46,300

Growing Sectors in the UK

Let’s take a closer look at some of these booming industries and the roles that are quickly becoming sought-after:

Renewable Energy and Sustainability

With the UK’s commitment to achieving net-zero carbon emissions by 2050, the renewable energy and sustainability sectors are witnessing an impressive growth. This shift is creating high demand for professionals like solar panel installers, wind turbine technicians, and sustainability consultants, as well as experts in energy management and storage solutions.

Health and Social Care

The ageing population and an increased focus on mental health have led to a significant rise in the need for health and social care professionals. Roles such as nurses, care workers, therapists, and mental health specialists are in high demand across the country, providing numerous opportunities for those with the right skills and qualifications.

Tech and Digital Industries

As technology continues to advance at a rapid pace, the digital landscape in the UK is thriving. Job seekers with expertise in areas like software development, data analysis, cybersecurity, and artificial intelligence are in great demand, as businesses across all sectors strive to stay ahead of the competition and embrace digital transformation.

Construction and Infrastructure

Major infrastructure projects and the UK government’s push for more affordable housing have fuelled a surge in demand for construction professionals. From architects and engineers to project managers and skilled tradespeople, a wide range of roles are available in this booming industry.

Online Education and Training

The pandemic has highlighted the importance of online education, leading to a surge in demand for e-learning specialists, instructional designers, and remote tutors. With more educational institutions and businesses adopting digital learning solutions, professionals with expertise in this field can look forward to a wealth of opportunities.

Jobs in Demand for the Next Decade

Job Title People in this job Job Openings (2012-2022) Employment change (2012-2022) Starting salary Average salary Weekly gross pay Average hours % difference – UK salary % difference – UK hours
Care Workers 729,000 530,000 +196,000 £12k £12k* £244 40 -41.5% +2.6%
Construction Project Managers 64,000 41,000 +13,000 £27k £35k £672 40 +59% +2.6%
Electricians 297,000 70,000 -23,000 £17-20k £29k £553 43 +31.8% +10.3%
Farmers 162,000 66,000 -16,000 £13k (Salary for farm worker) £25k £493 52 +13.6% +33.3%
IT Business Analysts 113,000 n/a +23,000 (2012-2022) £20k £40k £774 38 +81.8% -2.6%

Note: *The average salary for Care Workers is the same as the starting salary.


Which job is easy to get in the UK?

There is no one answer to this question, as it can depend on a variety of factors such as location, industry, and personal qualifications. However, some entry-level jobs in sectors such as retail, hospitality, and customer service may be easier to get into.

What is the hardest job to get in the UK?

Again, this can depend on various factors, such as industry and location. However, some jobs that are known to be highly competitive and require extensive qualifications and experience include roles in finance, law, and medicine.

Where in the UK has the most job opportunities?

Major cities such as London, Manchester, and Birmingham typically have the most job opportunities, as they are home to a range of industries and businesses. However, other regions such as the southeast and southwest of England also offer a significant number of job opportunities.

Which skill is highly paid in the UK?

Skills such as data analysis, software development, and artificial intelligence are in high demand and can command high salaries in the UK. Additionally, skills in management, finance, and marketing can also be highly paid depending on the industry.

Which degree is most in demand in the UK?

STEM (Science, Technology, Engineering, and Mathematics) degrees are often in high demand in the UK, as they are relevant to many of the country’s growing industries. However, degrees in other fields such as business, healthcare, and law can also be in demand depending on the job market.


UK Food Delivery Market Size

The food delivery market has experienced significant growth in recent years, driven by advancements in technology and evolving consumer preferences for convenience and variety.

In the United Kingdom, this industry reached an estimated £10 billion in 2022, accounting for 4.65% of the global food delivery market.

uk food delivery market

UK vs Global vs Us Food Delivery Market Size

  • In 2022, the UK food delivery market was valued at £10 billion.
  • Comparatively, the global food delivery market size reached £215 billion the same year.
  • The US market alone accounted for £50 billion in 2022.
  • The UK held a 4.65% share of the global food delivery market in 2022.
  • Meanwhile, the US commanded a 23.26% share.
  • The UK food delivery market experienced a 7% annual growth rate in 2022.
  • Globally, the market grew by 9% during the same period.
  • The US market saw an 8% annual growth rate in 2022.

UK Foodservice Market by Type of Restaurant

  • 28% quick service restaurants, 38% full-service restaurants, 31% cafes and bars, 2% street food

Here is how to global chart looks like:

food service market type
Chart by deloitte.com

More Statistics: Employee Stress Statistics , UK Gambling Statistics, Number Of Businesses in the UK

Global Food Delivery Trends

  • In 2019, the global worth of Italian cuisine reached €236 billion, reflecting a growth of over 6% from €209 billion in 2017.
  • Italian cuisine accounts for 18% of the worldwide full-service restaurant market.
  • Italian cuisine’s value is greater in China (29%) and the US (24%) than in Italy (16%) itself.
  • US and Brazil are the top countries in terms of Italian cuisine penetration overseas, both at 28%.
  • In the leading 5 European nations (including the UK), European cuisines make up 44% of the foodservice market.
  • With a market share of over 30% Italian cuisine dominates the European cuisines landscape and is projected to grow further.
  • Authentic Italian products hold enormous potential.
  • The value of such products is nearly triple that of Italian food exports.

Food Delivery Trends in the UK

  • A 27% increase has been observed in food service delivery users ordering lunch to spend time with their partners.

This trend presents an opportunity to target couples working from home by offering lunchtime deals for two.

What The Big Brands Are Doing

  • Pub and bar delivery availability experienced a 25% increase YoY, with nearly half of brands now offering this service.
  • Contemporary fast food brands, like Five Guys and Tortilla, have joined forces with Deliveroo Editions.
  • Other examples include Vintage Inns, Ember Inns, O’Neill’s, Chef & Brewer, and Farmhouse Inns, which all saw a 25% increase in delivery availability.
  • McDonald’s has experimented with a new concept to accommodate increased delivery volumes without affecting the dine-in experience.
  • In November 2021, McDonald’s piloted the “Convenience of the Future” model, which: Provides a separate entrance and waiting area for delivery drivers. Reduces disruptions to customers by keeping couriers away from dining areas.
  • Wagamama introduced BOX, a lunchtime delivery concept designed for remote and office workers in 2 cities: London and Leeds.
  • On-demand groceries contributed to around 11% of Deliveroo’s revenue in the first half of its financial year, up from 9% the previous year.
  • Deliveroo reported full-year revenues of nearly £2 billion for the year ending December 31, 2022, marking a 13.8% increase from the previous year.
  • The company’s pre-loss stood at £230.6 million, which is an improvement from the £281.8 million loss reported a year earlier.

What UK Customers Want

  • 53% of respondents try to buy healthier snack items, such as reduced sugar or lower-calorie options.
  • 50% find calorie information on menus useful.
  • 48% are attempting to reduce their meat consumption.
  • 46% appreciate menus offering lower-calorie versions of signature dishes.
  • 44% are trying to cut down on their alcohol consumption.
  • 39% feel motivated to exercise and maintain a balanced diet

Latest Statistics (Updated in January 2024)

  • UK rapid delivery companies are experiencing a reduction in riders and warehouse closures.
  • Major player Gorillas has retreated from five UK towns and cities, leading to a downsized workforce.
  • Getir, an on-demand grocer, has placed some UK stores in “hibernation” and trimmed its employee count.
  • Zapp, a London-based competitor, has slashed its workforce by 10% and exited Bristol, Cambridge, and Manchester.
  • As delivery discounts wane, on-demand grocery app downloads and usage have declined.
  • Low profit margins on food items, typically ranging from 1-5%, make it difficult for firms to become profitable.
  • To reduce expenses and showcase a route to profitability, some rapid delivery firms are resorting to gig economy riders.

UK Food Delivery Market

Tthe food delivery market has experienced significant growth in recent years, with the UK market demonstrating remarkable progress.

This report highlighted key trends, including the rise of delivery services for pubs and bars, innovative delivery concepts, and an increased focus on health-conscious options.

Additionally, it emphasized the continued popularity of Italian cuisine worldwide and the growing presence of on-demand grocery services within the food delivery sector.

Businesses within the food delivery market need to stay updated on these trends and adapt accordingly to capitalize on the opportunities they present.

By catering to the evolving preferences and needs of consumers, companies can successfully navigate the competitive landscape and ensure a sustainable future in the thriving food delivery market.


eToro Dividends

If you’re investing in stocks, ETFs, or indices on eToro, you may be wondering if you’ll receive any dividend payments. The good news is that eToro does pay dividends.


Let’s explore the details of how they work and how you can track your payments.

First of all, let’s define what a dividend is. When a company makes a profit, it may distribute a portion of that profit to its shareholders as a dividend payment. Dividends are usually paid on a quarterly basis, although some companies may pay them monthly, semi-annually, or annually.

How Dividends Work on eToro

On eToro, if you hold a BUY position in a stock, ETF, or index that pays a dividend, you’ll receive the dividend payment to your available balance. If you hold a SELL position, the dividend payment will be deducted from your available balance. It’s important to note that you’ll only receive dividend payments if you hold BUY positions for those stocks or ETFs.

So, when does eToro pay dividends?

There are two important dates to keep in mind: the Ex-Dividend date and the dividend payment date.


The Ex-Dividend date is the cutoff date of when you have to own the stock to receive dividends. You should hold the stock on eToro on the day before the ex-dividend date to make sure you’re eligible to receive that dividend. The other important date is the dividend payment date, which is the date when the company normally distributes the dividend.

It’s worth noting that if you’re trading CFD positions, you don’t even need to wait for the dividend payment date – you’ll receive the dividend payment on the ex-dividend date. If your positions are secured with the real asset (which is normally the case), you’ll get your dividend payment on the dividend payment date. This is valid for both stocks and ETF dividends.

Track Dividend Dates

Now, you may be wondering how you can track dividend dates for your eToro stocks and ETFs. Fortunately, there are a few free  apps that track dividend payment, ex-dividend, and even earnings dates for all your eToro stocks. All you need to do is create an account and enter your eToro username. It’s completely safe, and no connection to eToro is required.

In A Nutshell

eToro does pay dividends for stocks, ETFs, and indices, and you’ll receive the dividend payment if you hold a BUY position. The Ex-Dividend date and dividend payment date are important to keep in mind.

By understanding how dividends work and tracking your payments, you can make the most of your eToro investments and potentially earn a stable and growing income stream.