Money
67% of students would consider cryptocurrency to pay for the cost of university according to new research

Two thirds of students would consider using cryptocurrency to pay for university costs, reveals student accommodation provider UniHomes.
Research has revealed students are twice as likely to invest in crypto than the general population, with an estimated 189,000 undergraduate students in the UK owning some form of cryptocurrency.
Despite the volatility of cryptocurrencies, an estimated 3.4m people in the UK are thought to have invested. This equates to around 5% of the total population, placing the UK 11th in the worldwide rankings in terms of investor prominence.
Yet, students are much more likely to invest; with 10% of UK students owning crypto.
Students take second place when looking at owners of cryptocurrency by employment status, sitting only below military employees (20%). This means as many as 188,948 undergraduate students are thought to be investors.
It’s also clear that many students are keen to maintain this modern form of potential income, with 18% of students continuing to set money aside to invest in the likes of cryptocurrencies, stocks, and shares.
Currently, the opportunity to transact with cryptocurrencies is limited, but it’s clear that many students are keen for this to change. 67% stated that they would consider using their cryptocurrency to pay for university tuition, rent and even the general cost of living if they could.
UniHomes found that, on average, the overall cost of university comes to a whopping £18,024 a year. With one Bitcoin currently valued at £28,175 (as of 20th May), students studying a three year degree could cover the cost of university life and tuition with just 1.92 Bitcoin at current market rates.
Co-Founder and Director of UniHomes, Phil Greaves, said: “With cryptocurrency such a new form of investment, it’s interesting to see just how many students would consider this a viable currency in the future.
Students are becoming more entrepreneurial, with out-of-the-box thinking when it comes to financial savviness, compared to previous generations.”
Survey of 1,365 students carried out by UniHomes (19th May 2021).
Do you own any cryptocurrencies (Bitcoin, Ethereum, etc)?
Answer | Respondents |
---|---|
No | 90% |
Yes | 10% |
Estimated number of crypto owners
Population segment | Estimated number of crypto owners | Approx % of population |
---|---|---|
United Kingdom | 3,360,591 | 5% |
UK Undergraduate Students | 188,948 | 10% |
Would you consider using cryptocurrency to pay for things like university tuition, rent or the general cost of living if you could?
Answer | Respondents |
---|---|
No | 33% |
Yes | 67% |
Do you set money aside to invest in the likes of cryptocurrency, stocks and shares etc?
Answer | Respondents |
---|---|
No | 82% |
Yes | 18% |
Data Description | Data Point | Source |
---|---|---|
Average tuition fees | £9,000 | Save the Student |
Average cost of living | £9,024 | Save the Student |
Annual total | £18,024 | Tution + average cost of living |
Total for three year degree | £54,072 | Annual total x 3 |
1 Bitcoin | £28,175 | Coin Desk (May 17th, 9am) |
Bitcoin required to cover three year degree | 1.92 | Three year cost / Bitcoin value |
(Lead image: Moose Photos / Pexels.com)
Energy
New research reveals the top ways Brits are trying to keep a lid on soaring household energy prices

From going to bed earlier to taking quicker showers and using a slow cooker instead of an oven – GoCompare reveals the measures people are taking to try and save on their energy bills at home
New research from GoCompare Energy has found that 83% of bill payers have seen their energy costs increase since the cost of gas and electricity has gone up exponentially.
The research, which also asked more than 2100 people how they’re trying to curb costs around the home in light of these increased costs, shows that over two-thirds (64%) of those surveyed have started turning off the lights when they leave a room, making it the top measure people are taking to save money in the home. Other tactics included going to bed earlier, using the tumble dryer less and doing laundry at night.
Of the list of options provided, the top ten ways people are trying to save on their energy costs around the home were:
1 Turning off lights when they leave the room 64% 2 Turning off appliances when they’re not being used / in standby mode 54% 3 Not filling the kettle to the top 45% 4 Washing clothes on a lower heat setting 39% 5 Having quicker showers 36% 6 Changing light bulbs to LED bulbs 28% 7 No longer using the tumble dryer 24% 8 Making the house more energy efficient 19% 9 Going to bed earlier 18% 10 Using the slow cooker instead of the oven 17%
Just 10% of those asked said that they weren’t implementing any of the energy saving measures listed in the survey.
Other ways people are looking to save on their energy costs included doing the laundry at night(16%) visiting friends and family more (8%), spending more time in the office (5%), and 5% of people say they’re getting solar panels fitted.
Gareth Kloet, of GoCompare Energy, said on the findings: “With 83% of people feeling the impact of rising energy costs, it’s no wonder that lifestyle habits around the home will have been impacted. Some of these measures will undoubtedly help to keep increased costs to a minimum but there are obviously limits to the changes that people can make.
“With the warmer weather hopefully on its way, we are now approaching the time of year when people traditionally use less energy, and some people may be feeling like there’s a bit of breathing space before the colder weather sets in again. But it’s important to remember that these habits can only be a good thing longer term – not just when it comes to saving on your bills, but also on the environment.
“If the market does return to some sort of normality and we start to see energy costs decrease, we would absolutely recommend that people continue with some of these changes longer term. Being aware of the way that energy is consumed in the house can only be a good thing and will be important to maintain even after things have improved in the market.”
For some other tips on how to save energy, visit this guide: https://www.gocompare.com/gas-and-electricity/guide/energy-saving-tips/
Business
Gender pay gap: New research shows Swansea one of the fairest places in UK for women’s pay

A new study reveals the UK’s fairest, best and worst places to work as a woman, compared to how much men are paid – with Swansea coming out 4th fairest in the UK.
The research, carried out by www.income-tax.co.uk, used the latest data available from the Office for National Statistics (ONS), to analyse the differences in median annual pay for male and female full-time workers in 321 districts across the UK.
The district of Arun, in the heart of the country’s south coast, is the most gender-balanced workplace in the UK. On average, men in Arun have an annual income of £26,740, whereas women get £26,694 per year – £40 more than their male counterparts. That represents only a 0.15% pay difference.
Swansea comes in 4th fairest in the UK just behind Sunderland (2nd) and North East Derbyshire (3rd). On average men in Swansea have an annual salary of £28,525, with women earning £163 more a year with an average salary of £28,688.
While most of the places in the top 10 fall behind in terms of the UK’s average gross annual salary of £31,285, except for Stirling, they do make up in gender equality. Male and female wages in these 10 places only vary by up to £500 a year.
# Place Male average salary (£) Female average salary (£) Difference male-female av. salaries (£)* How much more men are paid than women (%)* 1 Arun 26,654 26,694 -40 -0.15 2 Sunderland 26,635 26,593 42 0.16 3 North East Derbyshire 26,740 26,691 49 0.18 4 Swansea 28,525 28,688 -163 -0.57 5 Southend-on-Sea 28,952 29,185 -233 -0.80 6 Stirling 32,258 32,722 -464 -1.44 7 Tunbridge Wells 27,942 27,524 418 1.50 8 Dumfries and Galloway 27,207 27,627 -420 -1.54 9 Thanet 26,442 26,014 428 1.62 10 Bedford 29,629 29,133 496 1.67
*negative value means women are paid more than men
Top 10 best workplaces for women
The area that inspired Jane Austen to pen some of her most well-known novels is now the best paying place for women to work in compared to men. Females working full-time in East Hampshire earn an average £4,086 more than males.
Chorley and Conwy are the second and third, respectively, best paid places for women to earn more than men. Here, female full-timers earn almost three thousand pounds more than males.
The two places could not be more different in terms of their economic backgrounds. Historically, Chorley grew most after the Industrial Revolution, host to many important cotton mills, while Conwy is home to one of Kind Edward I’s castles. US Speaker Nancy Pelosi recently visited Chorley for the 2021 G7 Speakers’ summit, which gave the local economy an immediate boost.
# Place Male average salary (£) Female average salary (£) Difference female-male av. salaries (£) How much more women are paid than men (%) 1 East Hampshire 28,087 32,173 4,086 14.55 2 Chorley 25,285 28,258 2,973 11.76 3 Conwy 24,634 27,469 2,835 11.51 4 Rushcliffe 29,609 32,720 3,111 10.51 5 Gwynedd 25,501 27,990 2,489 9.76 6 South Oxfordshire 32,861 35,964 3,103 9.44 7 Burnley 21,483 23,433 1,950 9.08 8 North Ayrshire 30,762 33,148 2,386 7.76 9 Ceredigion 27,016 28,580 1,564 5.79 10 Carmarthenshire 28,300 29,548 1,248 4.41
Top 10 worst workplaces for women
At the opposite extremity of the gender pay gap is South Derbyshire – by far the worst offender. While deemed as one of the best places to live in England, women here only get about half of what men are paid. The data from the ONS suggests that, while men’s yearly salaries average to £33,967, women in South Derbyshire earn only £17,484. This is in high contrast to its county fellow North East Derbyshire, mentioned earlier, which ranks as the third fairest-paying place in the UK for both men and women.
As charming as its landscapes may be, Mole Valley paints a grim picture when it comes to gender equality in the workplace. Surprisingly, according to income-tax.co.uk, Mole Valley, is the UK’s eighth best paid place to work in, yet it fails to pay women anywhere near as much as men. While male full-timers rake in £49,222 per year on average, women in this Surrey district get 40.52% less.
The stunning island chain of Outer Hebrides on the north west coast of Scotland, also known as the Western Isles or Na h-Eileanan Siar in Scottish Gaelic, trails right behind as the third worst for gender pay equality. Women get around a third less than men.
With only 29,000 living in Outer Hebrides, the islands rely heavily on tourism. Attracting roughly 219,000 visitors every year, tourism directly supports around a thousand jobs and hundreds of local businesses on the islands. Unfortunately, men rip most of the benefits, 38.36% more than women, to be precise. The average woman working in Outer Hebrides earns £21,518 a year, whereas men have an annual income of £34,911.
# Place Male average salary (£) Female average salary (£) Difference male-female av. salaries (£) How much more men are paid than women (%) 1 South Derbyshire 33,967 17,484 16,483 48.53 2 Mole Valley 49,222 29,276 19,946 40.52 3 Na h-Eileanan Siar 34,911 21,518 13,393 38.36 4 Dartford 43,009 26,765 16,244 37.77 5 Erewash 32,568 20,807 11,761 36.11 6 Redditch 37,023 24,105 12,918 34.89 7 Gosport 39,237 25,797 13,440 34.25 8 North Hertfordshire 38,948 25,649 13,299 34.15 9 Rugby 42,543 28,365 14,178 33.33 10 East Cambridgeshire 33,611 22,448 11,163 33.21
A spokesperson for income-tax.co.uk commented on the findings: “Our research suggests that some of the fairest employers are not necessarily the richest. Quite the opposite, in fact – districts with high-paying jobs in general tend to pay women much less.
“The difference in wages for males and females in Mole Valley is quite remarkable. Considering they can afford to pay men almost 50k a year, it is surprising that they slash 20k for women working there.
“Arun, Sunderland and North East Derbyshire were a nice surprise and employers operating there should get more credit for offering virtually equal pay for men and women. It is very fitting that women in East Hampshire, home to Jane Austen in her last eight prolific years, would earn nearly 15% more than men – the biggest leap of all.”
Carmarthenshire
Carmarthenshire has fifth highest energy bills in UK according to new data

Carmarthenshire will be amongst the worst hit by soaring energy costs, as research reveals it has one of the highest energy bills in the whole of the UK.
Households in Carmarthenshire pay £958 to their energy bills every year – over £200 more than the average UK bill (£757) and over £500 more than the UK area with the cheapest bills: Tower Hamlets in London.
The research, by insurance experts A-Plan Insurance used new ONS data to analyse the energy bills in every local authority in England and Wales, to discover which region had the highest energy bills, and would be worst affected by the 54% increase in energy bills in April.
The Isles of Scilly in Cornwall had the most expensive energy bills, coming in at an average of £1,227.
Ceredigion in Wales has the UK’s second-highest bills (£1,092), and Welsh areas such as Gwynedd (£1,016), Carmarthenshire (£958) and Powys (£953) also dominate the UK’s top ten most expensive areas for energy.
At the other end of the scale, Tower Hamlets in London enjoys the UK’s lowest energy bills, with residents paying just £423 a year towards energy – over £300 less than the UK average.
Newham in London is the UK’s second cheapest area for energy bills, with households paying £458 a year for their energy. The City of London, Hackney and Southwark also have significantly cheaper energy bills than the rest of the nation.
A spokesperson for A-Plan Insurance commented on the findings: “Energy bills are already sky-high and with bills soaring by a predicted £600 in Spring, it is those homes which are least energy efficient which will suffer the most from rising bills, as escaping heat will mean that your heating system works harder to compensate for the lack of warmth, costing you more.
“The government is advocating heat pumps as a solution to soaring energy bills, but these will not be effective without proper floor insulation – which 65 percent of homes in the UK currently lack. While households can use some hacks to insulate their homes better, for example, buying inexpensive pipe insulation from a DIY store, unless something serious is done about the energy crisis, we will see many more households driven into poverty.
“Although the government is introducing an ‘Energy Bills Rebate’ where energy customers will have £200 knocked off their bills, this functions as more of a ‘loan’ or a ‘buy now pay later scheme’, according to Money Saving Expert Martin Lewis, who points out that families will have to pay back the loan in equal instalments of £40 a year.
“Some energy suppliers offer hardship funds, where you can get up to £750 off your energy bills if you are living in fuel poverty, so if you are struggling, it’s worth checking if your supplier offers this”
UK’s most expensive areas for energy bills
UK area | Rank | Average annual energy bill (£) |
Isles of Scilly | 1 | 1,227 |
Ceredigion | 2 | 1,092 |
Eden | 3 | 1,056 |
Gwynedd | 4 | 1,016 |
Carmarthenshire | 5 | 958 |
Powys | 6 | 953 |
Ryedale | 7 | 939 |
Pendle | 8 | 937 |
Derbyshire Dales | 9 | 936 |
Richmondshire | 10 | 933 |
UK average | 757 |
UK’s cheapest areas for energy bills
UK area | Rank | Average annual energy bill (£) |
Tower Hamlets | 1 | 423 |
Newham | 2 | 458 |
City of London | 3 | 474 |
Hackney | 4 | 486 |
Southwark | 5 | 504 |
Islington | 6 | 512 |
Greenwich | 7 | 527 |
Dartford | 8 | 539 |
Lewisham | 9 | 555 |
Brent | 10 | 556 |
UK average | 757 |
(Lead image: Getty)
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