The Government has launched its new “Work Programme”, which aims to get people off benefits and back to work. The scheme will see mainly private companies trying to find work for claimants in the UK. The moves are part of the coalition Government’s welfare crackdown which is designed to make a life on benefits “no [...]
The Office for National Statistics (ONS) has today revealed UK unemployment fell further in the three months to March. The ONS said unemployment fell by 36,000 in the three month period to 2.46 million. The latest figures means the unemployment rate has fallen to 7.7% from 7.8% in February. In the meantime, the number of [...]
The Office for National Statistics (ONS) has today revealed UK unemployment fell in the three months to February. The ONS said unemployment fell by 17,000 in the three month period to 2.48 million. The latest figures means the unemployment rate has fallen to 7.8% from 8% in January. In the meantime, the number of Britons [...]
A report by the Prince’s Trust and the Royal Bank of Scotland (RBS) has found that the number of young people claiming unemployment benefit has soared – costing the economy £155 million a week. The number of 16 to 24-year-olds claiming jobseekers allowance escalated from 5,840 in 2008 to 25,800 this year, according to the [...]
A report has found benefit claimants owe a staggering £1.85 billion in overpayments but less than £300 million a year is being recouped. As a result, the public accounts committee is calling for the Department for Work and Pensions (DWP) to step up its efforts to recovery the monies. According to the report, over 30,000 [...]
The Office for National Statistics (ONS) has today revealed that UK unemployment fell slightly in the three months to December to 2.46 million. However, the unemployment rate remains the same at 7.8%, according to the ONS. In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) rose by 23,500 in January to 1.64 million [...]
According to the TUC, the number of people spending their second consecutive Christmas claiming Jobseeker’s Allowance has almost doubled. Using their calculations from official claimant count data, figures show the number of people claiming Jobseeker’s allowance for more than a year rose to 201,015 in November 2009, from 103,930 in December 2008. Furthermore, the TUC [...]
Figures released by the Office for National Statistics (ONS) today show that the number of unemployed in the UK has risen to its highest level since 1995. Official figures show that unemployment increased by 220,000 to 2,435,000 in the three months to June, and takes the unemployment rate to 7.8%. The figures equate to around [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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