Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Wednesday, July 19, 2017

Card Surcharges To Be Banned

As from January next year, businesses will not be allowed to add any surcharges for card payments.

This follows a directive from the European Union, which bans surcharges on Visa and Mastercard payments.

However, the government has gone further than the directive, by also banning charges on American Express and Paypal too.

This covers all companies and organisations that add a surcharge, including HMRC!

You can bet your bottom dollar that companies will find another way to pass on the charges.

Tuesday, July 18, 2017

Inflation Falls To 2.6%

The ONS reports that the Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017.

This is the first fall in the CPIH inflation rate since April 2016, and was caused primarily by falling prices for motor fuels and certain recreational and cultural goods and services.

This means that there will be no increase in interest rates in the foreseeable future.

Tuesday, July 11, 2017

Piss Pathetic Pensions

Monday, July 10, 2017

Bank of England Wants People To Sniff Out Regulation Busting

G20 Minus 1

The G20 is now the G19 as America has placed itself into isolation.

Monday, July 03, 2017

Bank of England To Go On Strike


Does this mean that all debts held during this period will be interest free?