Economy

Workers in shut-down sectors may never be able to stop working

Workers in shut-down sectors may never be able to stop working

Workers in shut-down sectors may never be able to stop working Workers in shut-down sectors may never be able to stop working The devastating effects on the global economy of the coronavirus pandemic are rapidly making their presence felt on a very domestic level. Unless you have been living under a rock – which might not be a bad idea …

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What the chancellor’s summer update could mean for you

What the chancellor’s summer update could mean for you

What the chancellor’s summer update could mean for you What the chancellor’s summer update could mean for you A statement from the chancellor always comes with the potential to have an immediate impact on our lives. But in a time of a global health and economic crisis, this statement is even more important. Boosting the UK’s economy and supporting our …

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Your post-COVID car insurance questions answered

Your post-COVID car insurance questions answered

Your post-COVID car insurance questions answered Your post-COVID car insurance questions answered There was a warning being shared across social media recently – to check car wheels for bird nests before starting your car. Such a warning would never normally be needed because most cars would never have stood still throughout bird-nesting season. But across the UK, in fact across …

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What now for post-payment holiday homeowners as mortgage deals dry up?

What now for post-payment holiday homeowners as mortgage deals dry up?

What now for post-payment holiday homeowners as mortgage deals dry up? What now for post-payment holiday homeowners as mortgage deals dry up? The number of mortgages agreed with homeowners has plummeted by 90 per cent compared with this time last year, Bank of England figures revealed this week, as a frozen housing market and economic fear strangled lending. Described by …

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Long term protection planned for struggling energy customers

Long term protection planned for struggling energy customers

Long term protection planned for struggling energy customers Long term protection planned for struggling energy customers Consumers facing unmanageable energy bills could be in line for long-term help after Ofgem announced plans to boost support after lockdown saw gas and electricity use spike. In March energy suppliers agreed to support vulnerable customers through the worst of the pandemic impact, including …

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How Covid is hurting women’s financial health

How Covid is hurting women’s financial health

How Covid is hurting women’s financial health How Covid is hurting women’s financial health No one will come out of this economic crisis unscathed, it has touched every single aspect of society in one way or another. Yet, just as with the virus itself, certain groups are affected more profoundly by the economic fallout than others. We’re only starting to …

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Reality bites for bill payers as Covid help starts rolling back

Reality bites for bill payers as Covid help starts rolling back

Reality bites for bill payers as Covid help starts rolling back Reality bites for bill payers as Covid help starts rolling back For a moment there was a pause. A suspension of reality, a chance for those financially hit by the last few extraordinary months to step out of the hamster wheel and ask for help from those we owed …

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Has Covid finally killed off the UK’s love of cash?

Has Covid finally killed off the UK’s love of cash?

Has Covid finally killed off the UK’s love of cash? Has Covid finally killed off the UK’s love of cash? Don’t touch. That’s the message to and from every corner of the UK, even as lockdown continues to ease. But if you pay for an item or a service with cash, touch is inevitable and retailers and service providers across …

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Credit card and overdraft payment holidays extended until October

Millions face financial ‘cliff edge’ when Covid-19 measures expire

Credit card and overdraft payment holidays extended until October Credit card and overdraft payment holidays extended until October Overdraft customers are set to be able to ask for another three-month interest-free buffer of up to £500. Outlining proposals to continue help for struggling borrowers, the Financial Conduct Authority (FCA) said that for customers yet to ask for an arranged interest-free …

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Covid recovery will prompt huge hike in state pension payments

Covid recovery will prompt huge hike in state pension payments

Covid recovery will prompt huge hike in state pension payments Covid recovery will prompt huge hike in state pension payments When money gets tight, the response is usually a bit of austerity, of cutting back and bearing down on costs – whether you’re a consumer or an entire government. Expensive habits are swept aside in a bid to recover the …

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