An annual survey carried out by the Halifax, based on 1,202 children aged 8 to 15, suggests that the average amount of pocket money is now £6.25 a week. This is up 6% on the previous year but still down on the £8.37 per week high recorded in 2003.

The Halifax said that it was not surprising that 12-to-15-year-olds received significantly more (£7.30) pocket money than eight-to-11-year-olds (£5.05), with 15-year-olds topping the table at £8.38 per week and that despite the current economic climate the number of children who receive pocket money remained the same at 83%.

Comment,

If the research from Halifax indicates that 8 -15 year olds have £6.25 per week pocket money, why, when a parent has debt issues and is trying to negotiate a repayment plan, do lenders set the figure at £11 per month, only £2.75 per child per week?

If £6.25 is the realistic amount then why not use this figure in the Common Financial Statement (CFS) as set by the Money Advice Trust!