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Showing results for tags 'announced'.
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"Rent-to-own" shops that sell appliances and furniture for small weekly payments but with a high interest rate face a price cap. However, the financial regulator will not rush to impose the same restrictions on bank overdrafts. The Financial Conduct Authority (FCA) has spent nearly two years looking at the cost of high interest borrowing. It has now outlined a package of plans for rent-to-own, doorstep lending and catalogue shopping. High-cost credit is used by three million people in the UK. Single-parents aged 18 to 34 are three times more likely to have a high-cost loan - such as a payday loan, doorstep loan or pawnbroking loan - than the national average. "The proposals will benefit overdraft and high-cost credit users, re balancing in the favor of the customer," said FCA chief executive Andrew Bailey. http://www.bbc.co.uk/news/business-44307663 -
http://www.bbc.co.uk/news/uk-politics-29815425
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Ensure you're not being overcharged or fooled into thinking the price is lower Two pricing rule changes, completely free of charge CAP and BCAP have today announced changes to rules governing price comparisons rules and the use of price claims that are inclusive or exclusive of VAT. Advertisers can now compare products that may not be identical, but nonetheless meet the same need or intended purpose. The Advertising Codes have also been changed to allow advertisers to make VAT-exclusive price claims, provided the claims are clearly addressed to those that pay no VAT or can recover it. Find out more about these significant changes, including a full regulatory statement, here. -
http://news.sky.com/story/1001800/obesity-new-food-labelling-system-planned
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http://www.bbc.co.uk/news/business-19871242
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http://www.bbc.co.uk/news/uk-northern-ireland-19432497
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750m payable in 2 tranches . Deal will affect 4.8m customers and include Tsb and C&G. http://www.bbc.co.uk/news/business-18898125
