The government has warned more than 100 of the most complained-about UK travel companies that they must comply with consumer laws over refunds for cancelled holidays or face legal action. The Competition and Markets Authority (CMA) has received 17,500 complaints from...
Rishi Sunak has been warned he will need to act far more decisively to prevent mass unemployment this autumn after unveiling a £30bn mini budget designed to tempt nervous consumers out their Covid-19 hibernation. The chancellor announced a short-term cut in VAT for...
The Covid-19 crisis has been good for Rishi Sunak’s reputation. While other cabinet members have floundered around, the chancellor has won plaudits for his handling of the economy during its pandemic-enforced lockdown. That’s not entirely surprising because Sunak’s...
On 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it. It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and...
Thames Water: “We invested more than £1bn again in 2019-20, leading to a total of £15bn in the past 15 years, and we will continue to spend wisely on improving resilience, service and efficiency, as well as provide more support for customers in vulnerable...
The competition watchdog is to investigate suspected profiteering by four pharmacies and convenience stores for over-charging shoppers for hand sanitiser during the coronavirus pandemic. Stocks of hand sanitiser were among the first items the British public cleared...
The average easy-access savings rate has fallen to 0.3 per cent – the lowest in recorded history – new data has shown. The highest average savings rate can be found in longer-term fixed bonds or cash ISA accounts with terms of 550 days or more. The average rate for...
RateSetter is taking a cautious approach towards managing its lending volumes, as the Covid-19 pandemic has hit consumer lending hard. The ‘big three’ peer-to-peer lending platform – which is in talks to be acquired by Metro Bank – has seen a reduction in consumer...
Bank of England data has revealed how little consumers understand about savings rates. The Bank’s inflation expectation survey for May found 25 per cent of people thought savings rates had risen over the past 12 months when in reality they have fallen. The survey also...
Cash in the time of coronavirus: how to get in financial shape for the new normal | Money | The Guardian Skip to main content The coronavirus crisis has had a huge impact on all of us. About 8.4 million workers have been furloughed, tens of thousands have lost their...
