Romford borrowed more in payday loans than Leeds in 2018 | Money – Business Article

The people of Romford in east London borrowed more money via payday loans in 2018 than the entire population of Leeds, according to official data. A study based on the figures named Birmingham as “the payday loan capital of the UK”, with its residents borrowing a total of £37m in 2018 as their personal finances came under pressure. But the data showed that in terms of population size, Romford and Croydon, south London, were both contenders for the title. Romford’s…

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What are the chances of us all getting £300 off Mastercard? | Money – Business Article

Mastercard charges allegedly resulted in consumers overpaying for goods in shops to the tune of £14bn, and if a class action is successful, it will mean payouts worth up to £300 for 46 million people. That’s according to the former financial ombudsman Walter Merricks – though this is hotly disputed by Mastercard – following a court of appeal ruling in his favour this week. But what is the likelihood of you finding the cash in your account any time soon?…

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Homes with stained glass windows – in pictures | Money – Business Article

Belper, Derbyshire Elizabeth House, a former convent, retains many original features including large decorative stained glass windows in the drawing room on the first floor landing and in the porch and vestibule. The 10-bedroom property offers potential for many uses, subject to planning consent. It has a three-roomed cellar, one being a wine cellar. The 2.75-acre property is set in a semi-woodland with a sweeping driveway. A flagstone patio, garden stores, an external home office, a large orchard, brick outbuildings…

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Half of England is owned by less than 1% of the population | Money – Business Article

Half of England is owned by less than 1% of its population, according to new data shared with the Guardian that seeks to penetrate the secrecy that has traditionally surrounded land ownership. The findings, described as “astonishingly unequal”, suggest that about 25,000 landowners – typically members of the aristocracy and corporations – have control of half of the country. The figures show that if the land were distributed evenly across the entire population, each person would have almost an acre…

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Mastercard ruling: almost every UK adult could receive payout | Business – Business Article

Almost every adult in the UK could receive a payout of up to £300 from Mastercard after a court ruling paved the way for a £14bn class action lawsuit. The legal action taken by former financial ombudsman Walter Merricks claims that 46 million UK consumers paid higher prices in shops over a 16-year period because of allegedly excessive transaction fees charged by Mastercard. Two years ago, the Competition Appeal Tribunal threw out Merricks’s claim, ruling it would not grant an…

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UK pay grows at fastest rate since financial crisis – ONS | Business – Business Article

Pay growth in Britain has risen at the fastest rate in more than a decade, as companies keep hiring despite growing fears over Brexit. Average weekly earnings, including bonuses, rose by 3.5% on the year in the three months to February, according to the Office for National Statistics, matching the rate recorded in January and the joint highest level since mid-2008. Basic pay increased by 3.4% on the year, down from an upwardly revised 3.5% in the three months to…

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Bank of England begins climate enforcement with a velvet glove | Larry Elliott | Business – Business Article

We can already hear the distant thunder of climate change and must not wait for the storm to hit. The Extinction Rebellion protesters that blocked London traffic? No, a senior Bank of England official telling banks and insurers that from now on they will be expected to make global warming central to the way they operate. Threadneedle Street would never publicly endorse action that causes disruption but the speech by Sarah Breeden, head of international banks supervision, suggests a degree…

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Number spoofing: more Metro Bank users say they were robbed of thousands | Money – Business Article

More Guardian Money readers have come forward to say they too have been scammed by fraudsters who “spoofed” their bank’s phone number. In some cases they have lost more than £40,000. Two weeks ago Money featured Jane Holden, a Cambridge businesswoman who lost £90,000 after falling for a highly sophisticated fraud. She had taken a call that showed up on her handset as coming from Metro Bank’s 0345 business banking number. Partly as a result of this – and the…

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Premium economy: is it worth the extra expense? | Travel – Business Article

Premium economy can be a spacious and relatively luxurious way to fly long-haul. Or it can be a pinched and overpriced experience that leaves you feeling ripped off. So how much extra do you have to pay, and what do you really get for your money? When we polled industry experts, Virgin Atlantic and Air New Zealand were named as the best for premium economy, while British Airways and Air France’s offerings were said to be tired and in need…

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What should I use to make my lawn grow and kill moss? | Money – Business Article

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper. Our lawn looks awful as it has become more moss than grass and I’m wondering what to do about it. Products such as Mo Bacter and Miracle Gro promise to kill the moss and promote grass growth – but do they work? Is there a less expensive…

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Council tax debts soar 40% in six years | Money – Business Article

Council tax debts have soared by nearly 40% in six years, Guardian research has found, with charities warning these arrears now rival credit card debts as their biggest concern. Amid warnings that “heavy-handed” collection tactics are putting severe pressure on those already in financial difficulty, households face a fourth consecutive year of above-inflation council tax rises as local authorities attempt to recoup money cut from their budgets by central government. The annual band D bill will rise by an average…

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Why am I getting demands for £7,000 for a meter we don’t have? | Money – Business Article

For eight years my elderly mother has been receiving final demand letters for £7,000 and more from ScottishPower, despite never having been a customer. At first they were addressed to a name we didn’t recognise. My mother has lived at her property for over 40 years. We repeatedly explained to ScottishPower that my mother was, and always had been, a British Gas customer. Then the demands began to arrive in my mother’s name. Eventually, it transpired there is a mistake…

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Saga scraps its credit card, leaving customers in the lurch | Money – Business Article

Is over-50s specialist Saga axing its popular platinum credit card because of Brexit? The card is run for Saga by a Dublin-based bank and is closing on 28 March, hours before the UK is scheduled to leave the EU. The Saga platinum credit card has long been a popular choice among people who travel abroad because it doesn’t charge currency conversion fees. Other benefits include up to 55 days of interest-free cash withdrawals, discounts on Saga holidays and cruises, and…

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Let’s move to Anglesey/Ynys Môn, Wales: ‘A world apart’ | Money – Business Article

What’s going for it? Ynys Môn likes to keep its distance, as well it might. People have long come to these shores to take things. The Romans slogged all the way from the Med, sniffing out Anglesey’s raw materials. Nowadays, second-homers come in search of its views, sandy coves and relative isolation. Thomas Telford’s beautiful Menai suspension bridge may have long leapt over the tricky waters of the strait, and its neighbour, the Britannia Bridge, carries mainline trains chuffing off…

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Italy falls into recession as eurozone economy struggles – business live | Business – Business Article

The Italian economy slipped into recession in the final three months of the year, weighing on the wider eurozone’s growth, official figures showed Thursday. The Italian statistics agency said that Italy, the third-largest economy in the 19-country eurozone, contracted by a quarterly rate of 0.2% in the fourth quarter. Following a 0.1% drop in GDP in the previous three-month period, that means Italy is in a technical recession, defined as two straight quarters of economic contraction. The Italian economy has…

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UK house prices grow fastest in north of England and Midlands | Money – Business Article

House prices have grown fastest since the UK voted to leave the EU in cities in the Midlands, the north of England, Wales and Scotland, according to the property website Zoopla. Birmingham (up 16%), Manchester and Leicester (both up 15%) have seen the fastest growth since the June 2016 referendum, followed by Edinburgh and Nottingham (14%), Leeds and Cardiff (12%), and Liverpool and Sheffield (11%). Zoopla said economic and political uncertainty caused by the Brexit vote was more acutely felt…

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7 Bad Habits of Successful Business People – Business Article

Just because you’re successful, doesn’t mean you are perfect. In fact, we’re all walking around with some sort of self-doubt or imperfection. We all have a bad habit or two we need to break. If you want to be successful, you need to be constantly reaching forward toward improvement. The sad fact is that most people who attempt to startup a business fail precisely because they fail to recognize their flaws. This is why today we’re going to illuminate some…

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What to Do When the Money Slows Down – Business Article

It happens to the best of us. It happens to everyone, even if you aren’t the best. Sometimes you feel like you can’t be stopped. And then suddenly, without warning, your income ceases to be what it was. You have no clue as to why. It just happened. There is no other way for you to explain it. So what do you do when the money slows down or even stops? Keep reading for a few tips. 1. Watch Your…

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Small energy suppliers get a growth boost as their rivals collapse | Business – Business Article

Eight small energy suppliers closed their doors last year as rising wholesale costs tipped them over the edge, and the trend has continued into 2019, with the recent insolvency of Economy Energy, followed by Our Power, which failed on Friday. Industry watchers predict there are more failures to come. The string of collapses has shone a spotlight on unsustainable pricing by new entrants and on the costs all households face from picking up the pieces. What is less remarked upon…

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Tax return 2019: a stress-free guide to tackling it | Money – Business Article

The weather may have turned arctic, but frostbitten fingers won’t get you out of doing your tax return. HM Revenue & Customs has issued a list of the most bizarre (and unsuccessful) excuses it received from customers who missed last year’s self-assessment deadline. They included “My boiler had broken and my fingers were too cold to type”. If you have been putting off the day when you have to gather up all your bits of paper and sit down and…

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Orkney rated Britain’s best place to live in terms of quality of life | UK news – Business Article

Orkney is the best place to live in the UK, with cheap houses, low crime, good schools and a population who are among the happiest and healthiest in the country, according to the annual Halifax quality of life survey. The survey found that all the top five best places to live in the UK were in Scotland or the north of England. Richmondshire in the north of the Yorkshire Dales came second, while the appropriately named Eden district in Cumbria…

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The Best Investments a Mompreneur Can Make – Women in Business Article

Having children is the most rewarding and time-consuming experience that a person can have, especially as a mother. Luckily for mompreneurs all over the globe, the modern age has blessed us with the power of the internet, giving us not only an easy way to make our small business idea a reality but even making it possible to base our entire business on the online world. With the abysmal budget, most parents have at their disposal, making smart investments for…

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