Sports Direct has come to a deal with HMRC and their worker’s union Unite, to pay thousands of their workers back wages totalling a million pounds.  This is due to the fact they were paying many of their workers less than the national minimum wage. This deal affects both contracted workers and agency staff who… Read more »


How we bank has changed a lot over the years, and is due to change a bit more by 2018 according to the Competition and Markets Authority/CMA.  One change we have seen in the past few years is the increase in the use of online banking, and now banking applications.  We use these apps so… Read more »


The Bank of England last week cut the base interest rate from 0.5% to 0.25%, which is in theory to help the economy. The thinking behind this is by lowering the interest rate, the banks can then lower their rates and hopefully people will borrow and spend, which aids the economy. The question has been,… Read more »


Payday loans and payday lenders have been in the news quite a bit over the past few years, one for having such high interest rates, and another for poor lending and collection practices. The FCA who regulates payday loans has made some changes in the rules and regulations payday lenders must follow, such as the… Read more »


Since the announcement of the Brexit vote and our decision to leave the EU, the pound has been dropping in its value against other currencies, in particular the USD/dollar. As of this writing it has dropped to around $1.30 to £1.  It had been as high over the years as $1.60 to £1. The drop… Read more »


I have recently written about how we need bank accounts, and also about how many people are being refused bank accounts, and also about banks closing branches, and it doesn’t seem to end, the closing of bank branches. The Labour MP for Tottenham, David Lammy, is accusing HSBC of “failing to consult local MPs, councillors… Read more »


If you have an overdraft on your bank account, you know that if you use it for whatever reason, you will be charged a fee. In some instances, especially if you have a low overdraft amount, the fee can seem quite high. However, if you don’t have an overdraft or exceed your overdraft amount, you… Read more »


According to a research by Pockit, a new upstart bank, nearly six (6) million Brits have been refused bank accounts over the past two years. The study showed that OAP’s and over 3.5 million low paid workers who are paid in cash, were the ones hit the hardest. Workers such as plumbers, and other tradesmen,… Read more »


A few years ago HSBC had branches of the bank all throughout the city I live in. It was easy to find a bank branch, however today, there is only one main branch of the bank and that is in the city centre, and a branch in the south end of the city. The bank… Read more »