Rising Number of Households Struggling to Balance the Books
The number of households who are struggling to balance the books has climbed by more than a quarter of a million year-on-year, according to the latest figures. Legal & General’s latest ‘MoneyMood’ survey reveals that an increasing number of households don’t have the level of income needed to pay off their bills, with the number […]
Ofgem Plans to Boost Energy Funds for UK Customers
Energy regulator Ofgem has given approval to £17 billion of spending on upgrading the way electricity is distributed in the UK. As a result, customers could stand to shave an average of £12 a year from their energy bills, as the proposals lay out how spending on Britain’s power networks will be cut. The money […]
UK App Economy Booming
Application development will be worth more than £30bn to the UK economy by 2025, search engine giant Google has announced. Google’s annual UK App Economy report revealed that the industry is set to exceed £4bn in 2014 alone, with the UK becoming Europe’s biggest technology hub. Of all app revenue in 2013, more than a […]
e-Wallet Prepaid Cards: How can they Benefit Consumers?
The UK is the ‘most internet-based major economy’ according to researchers at the Boston Consulting Group (BCG). And as consumers increasingly turn to the internet to make a range of purchases, e-Wallet prepaid cards present a convenient and time-efficient way of to make payments. Here are just some of benefits that e-Wallet prepaid cards for […]
Cash Is Out…..and Cards Are In!
Brits are increasingly turning to the use of contactless payments and self-service to pay for goods and services, according to new data. The use of cash for these purchases it at its lowest ever level according to the British Retail Consortium, with debit cards accounting for 49.6% of sales by value. Cash use, meanwhile, has […]
Business Lobby Groups Positive Over UK Economy
The UK economy is in good health, according to a report produced by two major lobby groups – the Confederation of British Industry and the British Chambers of Commerce. According to the CBI, growth rates recorded in May were at a record high – outperforming all months since data was first collected in 2003. Meanwhile, […]
Choosing Between The Plastics – What You Need to Know
There is no longer a need to use cash for every transaction – now there are debit, credit and prepaid options, but how do you choose between them? The plastic options provide a different approach to money, increasing the ease at which it can be managed and transferred. Choice is a great thing for many […]
Planning For This Summer’s World Cup – How You Could Save
With just under a month to go until the big kick-off in Brazil this summer, many people will already be considering where to watch the big games. While pubs and sports bars may be popular choices, hosting the games among friends and family could be a much cheaper option. Not only does this provide an […]
Brits Continue to Ditch Cash for Card Payments
Cash payments now account for less than a fifth of transactions according to research from the Halifax Bank. Debit cards remain the most popular choice of payment, with these types of card used in roughly half of all transactions. It could be a sign of the times, but the number of cash payments has fallen […]
UK Economy Grows 0.8% in First Quarter
The UK economy experienced growth of 0.8% in the first quarter of 2014, according to the latest official figures. The Office for National Statistics revealed the rise in gross domestic product for a fifth consecutive quarter, meaning the economy is now just 0.6% smaller than at its 2008 peak. GDP is a measure of a […]
