Payday loan popularity declines due to lenders bad reputation

Payday loans may be declining in popularity, a new study suggests

The scare stories emerging from the payday loans sector may be helping to reduce the popularity of the sector with fewer people planning to take them out in the next six months, a new study suggests.

Morrisons to open 300 convenience stores and online service

Morrisons will be investing in new online elements in its business strategy

Morrisons is to open 300 new convenience stores and roll out its new online shopping service in partnership with Ocado later this year.

One million households in debt peril if mortgage rates rise

A new report warns of the impact of a rate rise on UK homeowners

A new report by the Resolution Foundation has found that up to one million households face paying half of their disposable income on mortgage debt if interest rates rise to four per cent by 2017.

Petrol prices to go up as pound falls and oil prices rise

Petrol prices are expected to go up in July 2013, says the AA

A combination of the fall in the value of sterling and a rise in oil prices means UK motorists face an increase in petrol prices soon, according to the AA.

New state pension changes will harm young people, says IFS

Young people will be hit the hardest under the planned pension reforms

The Institute for Fiscal Studies claims that young people will be hit the hardest under the planned pension reforms.

Income gap between rich and poor falling, says ONS

Indirect taxes have increased over the last four years, says the ONS

The Office for National Statistics says both rich and poor are paying more tax, the gap between the two is narrowing and indirect taxes hit the poor harder than the rich.

Rise in use of food banks linked to April's benefit changes

A new report links the rise in use of food banks to benefit changes

A study by the Trussell Trust that runs 374 UK food banks says changes to benefits introduced in April are largely behind a three-fold increase in the use of food banks since April.

Royal Mail to be privatised and workers to get free shares

The government is to set out plans on the privatisation of the Royal Mail

The government has set out plans for the privatisation of the Royal Mail in what will be the biggest share sell-off since British Gas with employees to be offered free shares.

Osborne wins argument with IMF for now as growth forecast up

The IMF has upgraded its forecast for UK economic growth for 2013

The International Monetary Fund has upgraded its UK economic forecast for 2013 to 0.9 per cent, up from 0.7 per cent, and it predicts the economy will grow by 1.5 per cent.

Aviva Family Finances Report: Savings up but debt levels rise

Aviva's latest Family Finances report provides a snapshot of UK finances

The latest Aviva Family Finances report shows that savings are up but so are levels of unsecured debt amongst UK families.

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