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Loan charges: Millions of Brits wasting money by leaving electrical items on standby

Homeowners who are currently paying loan charges may want to think about where they can cut back on energy use as a way of saving money.

One idea could be for them to make sure their electrical items are not left on standby overnight, as doing so could cut their electricity costs.

According to research by uSwitch, 30 million people in the UK leave electrical items on standby, with 59 per cent leaving set top boxes on and 49 per cent leaving their TV on standby.

Findings showed that 3.5 million people think if they are not using an item it is not using electricity, even if it is plugged in and turned on.

Kevin Sears, energy efficiency expert at the price comparison website, said: "In the face of rising energy bills and our increasing love affair with gadgets, consumers can no longer afford to throw money away by wasting energy.

"Being more energy efficient is a simple and painless way to cut your bills, which many will be worried about this winter."

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.

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