According to figures from Sainsbury's Finance, vet bills are becoming increasingly unaffordable for many - with price inflation estimated at around 12 percent a year. This can be set against the current general inflation rate of 4.4 percent across all goods and services, which is itself at a 16-year high.

These price pressures have led pet owners to make some hard choices. The Sainsbury's research shows that 1.6 million cats and dogs were put down between 2003 and 2008 because their owners could not afford either veterinary fees or other medical costs of looking after their pet.

A further 2.5 million are thought to have declined treatment for their animal, potentially exposing it to pain, for cost reasons.

Neal Devine, Sainsbury's Pet Insurance manager, commented: "Our findings are very disturbing but also frustrating because in many cases if the owners had taken out good quality pet insurance they would have been able to treat their pet without any problems.

"The current credit crunch could compound this situation even further, with as many as one million pet owners looking to reduce their pet insurance cover or do away with it all together. This is a false economy."

Source: http://www.money.co.uk

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