Payday loan popularity declines due to lenders bad reputationThe 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 serviceMorrisons 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 riseA 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 riseA 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 IFSThe 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 ONSThe 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 changesA 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 sharesThe 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 upThe 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 riseThe latest Aviva Family Finances report shows that savings are up but so are levels of unsecured debt amongst UK families. |
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