Companies will be banned from applying “hidden” credit and debit card surcharges to push up the price of flights, concert tickets and other goods. The Government has signalled it will put a stop to the controversial practice by the end of 2012 following an investigation by the Office of Fair Trading (OFT). The OFT had [...]
There are some cases when a prepaid card can be worth having. While customers should heed the warnings from the Financial Services Compensation Scheme that prepaid cards are not protected in the event of a company going bust, there are some cases when a prepaid card can be worth having. Make sure you heed the [...]
Two million people have used their credit card to pay their mortgage or rent, up 50 per cent in a year, charities have warned. The survey by Shelter shows the drastic measures households are taking to keep a roof over their head amid a sharp rise in the cost of living. The charity predicted many [...]
Why do some companies charge pounds when the cost of processing is pennies? Paying by credit card can be a convenient and safe way of making big purchases, but increasingly this peace of mind comes at a cost. A number of retailers, from airlines to local authorities, levy surcharges on customers making credit card payments. [...]
UK Government borrowing fell sharply in July, although the country continued to sink further into debt. The Government borrowed £3.8bn over the month, down from £14.7bn in June, £18.4bn in May and 6.1bn in July last year, according to figures from the Office for National Statistics (ONS). It brings public borrowing for the four months [...]
Britain faces a weaker economic recovery and higher inflation for longer than previously hoped, the Bank of England forecast today. Economic expansion will peak at 3pc next year, weaker than the 3.6pc the Bank was expecting just three months ago. Today’s Inflation Report also forecast that the level of prices will remain above the Bank’s [...]
The number of people declared insolvent has risen as the credit crisis marks its third anniversary. A total of 34,743 people were declared insolvent during the three months to the end of June, 5 per cent more than during the same period a year earlier, according to the Insolvency Service. The figures are lowered than [...]
Naomi Campbell, the model, admitted that she was given “dirty rocks” by the former Liberian ruler Charles Taylor as she gives evidence at his war crimes trial. She told the court she handed the gems to a colleague and told him to “do something good with them”. She said she had wanted them to be [...]
August 5, 2010 | Posted in
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A proposed limit on contributions could hit even those earning modest salaries. On the same day that BP revealed that its beleaguered chief executive, Tony Hayward, would walk away with a £600,000-a-year pension, the Government unveiled plans to severely restrict the amount of money people can save tax-free into one. The Treasury is proposing an [...]
Middle income families face being £1,000 worse off a year amid “savage” rises in the cost of living and slow wage growth, it was revealed yesterday. The sharp increases in everyday items such as food and clothing means it could get “messy very quickly” for households, experts warned. The warning comes after the cost of [...]
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