Payday Loans Dangerously Tempting Brits
A recent report put out by the homeless charity Shelter says that approximately one million Brits have taken a payday loan in order to cover their monthly mortgage or rent expenses. Rather than face losing their homes or their rental […]
Retail Recession Hits La Senza
Retailers are feeling the effects of the economic downturn. The latest fatality is the lingerie retailer La Senza is shutting down 81 of its stores, resulting in hundreds of job losses. Industry analysts are predicting that as many as 30,000 […]
Employment News Update
If you’re in the market for a job in the UK, there is bad news ahead. A new study from the recruitment website Totaljobs.com shows that on average 23 people chase each and every job in Britain. The job type […]
Credit Card Users Getting Relief Soon
New laws about to be unveiled today will offer some relief to credit card users. Hidden credit card fees cost customers more than £300 million a year for everything from plane flights to cinema tickets. At the moment, debit card […]
Warnings about Long-Term Bonds
Be careful about linking your money to inflation for the next six years, warns Andrew Goodwin, an economic consultant with ITEM club. Many people who have been avidly saving their nest eggs are now being targeted by banks that want […]
Crackdown on Mortgage Lending
Borrowers looking for a mortgage might be shocked by what they find. The UK financial watchdog just announced a new crackdown on lending. Certainly, no one wants a situation of irresponsible lending to arise. To this end, the Financial Services […]
The Portas Review
Mary Portas was recently brought in by Prime Minister David Cameron to report on the declining retail market in England – and to offer up suggestions for stopping the crisis. Her recent report contains 28 recommendations and a warning that […]
Cyber Monday Picks Up Steam
Cyber Monday, nicknamed for the first Monday in December, and the busiest internet shopping day of the year, has made Amazon a very happy place. Amazon’s British arm sold more than three million items on that one day, making it […]
Bleak Figures Ahead for Holiday Shopping
With Christmas around the corner and retailers relying on this period for much of their profits in the quarter, retailers are bracing for a difficult winter. The British Retail Consortium reported a 1.6% fall in underlying sales for November. These […]