Borrowing back on the rise

Borrowing on credit cards, loans and overdrafts has overtaken the amount people are paying back for the first time since June. The BBC reports how, according to the Bank of England, unsecured consumer credit rose £52 million in December. Andrew Goodwin from Ernst and Young says that "The small increase in consumer credit is likely to be connected to consumers bringing forward purchases to avoid the VAT increase and a relapse is likely next month". The trend during the downturn has been for people to pay off debts, often instead of saving when interest rates are low. Brian Morris …

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Brazil already enjoying benefits from 2014 World Cup

It’s always been a tourist hotspot, but since it was crowned the host city for the 2014 World Cup, Brazil has re-entered the public consciousness as a vibrant destination to embrace and explore. Brazil As a testament to this, some Brazilian cities have seen their hotel bookings increase by over 100%, and it looks like things are only just starting to kick off for the South American country. In the first half of 2013 alone, Salvador saw a 126% increase in the number of people making searches for accommodation within the country compared with the same time last year. Other cities are b…

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BRC: credit card payments costing shops too much

Chip & PINCredit card customers could be paying out more, because banks are charging shops too much for accepting their payments. That’s the view of the British Retail Consortium (BRC). It says banks charge up to 17 times more for retailers accepting payment by credit card than it does for cash payments. An average cash payment costs a shop 2.4pence, paying on a debit card will cost 8.5 pence while transactions of credit cards cost on average 34p according to the industry body. It believes customers could save a total of £480m if lower charges were introduced and passed on. BRC is calling on…

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Bread Card teams up with Orange

The Bread card have teamed up with Orange to offer free payg sims to all existing and new customers, So what's the catch?? Well there isn't one. Paul Swinton Director from Payment Card Solutions (UK) Ltd says " This is just to say thank you to all our customers, We are always looking to add extended value to our customers, look out for more great offers and improved features during 2010. The orange payg sim card is free, if you don't want to use the SIM card, give it to someone else or keep it as a spare." Bread prepaid card are offering this also to all new customers during the…

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Britain's aviation authority wins compensation for delays

After a ruling last year by the European Court of Justice which found in favour of delayed passengers being paid compensation, the Civil Aviation Authority (CAA) has now helped to secure more than £80,000 for those affected by flight delays. moneyThe European Court of Justice had upheld a previous decision which said that travellers were entitled to financial compensation if they had to wait for their flights for more than three hours. There is a caveat that this doesn’t apply if the airline can prove the delay was caused by “extraordinary circumstances”, but many operators have been trying to wri…

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Britain on a Budget as Disposable Income Squeezed

Spending cuts and tax rises are causing a significant squeeze on Brits’ disposable income this year, new figures reveal. According to Deloitte, a financial services firm, these changes combined with inflation are the main factors contributing to consumers seeing an average drop of £780 in their disposable income, the BBC reported. The study reveals disposable incomes were at their best in 2009, with consumers having more money than ever to spend on non essential items in this year. Deloitte predicts it will take another four years before we get back to this standard of living. Real incomes ar…

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British Airways offers discounts to hand luggage-only passengers

Following in the footsteps of no-frills airlines such as Ryanair and easyJet, British Airways will introduce cheaper fees for passengers with just hand luggage. compare travel cardsPassengers travelling with just hand luggage to certain routes from Gatwick will enjoy lower fees, as BA takes its cue from budget airline rivals. Those travelling from Gatwick to short-haul destinations Amsterdam, Dubrovnik, Jersey, Tunis and Turin will be offered a discount by the flag-carrier if they do not need to check baggage into the hold. BA said it recognises that many passengers on these routes travel for…

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British Airways spread ‘hand baggage only’ option to more routes

Increasing pressure from 'no-frills' budget airlines has forced British Airways to extend the cheaper ticket service that they have been experimenting with for the past month. prepaid cardsThe iconic airline has been offering passengers the option of paying less for a ticket if they only use ‘carry on’ hand luggage on flights to Amsterdam, Dubrovnik, Jersey, Tunis and Turin – and now plan to extend the service. “The new fares have been very well received by customers and we have now decided to make the discounted prices much more widely available,” Peter Simpson, the director of Gatwick for British A…

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British Flyers Want ‘Pay as you Weigh’ Prices

With the recent news that Samoa Air was introducing fares that took into account how much a passenger weighed, a new survey has revealed that almost two thirds of British holidaymakers would be in favour of similar measures being rolled out across more airlines. Travel The idea of overweight passengers being charged more money to travel on flights is closely tied in with the way in which airlines charge passengers extra for baggage allowances. The idea that charging overweight fliers would help airlines recoup the extra costs of fuel has also been championed by Norwegian academics. Now…

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British Gas announce 6% price hike for gas and electricity

British Gas has announced plans to increase the cost of its gas and electricity by 6%, which will come into effect in November. The major energy supplier will add an extra £80 a year to the average dual fuel bill, in a move that has not been well received. “We know that household budgets are under pressure and this £1.50 per week rise will be unwelcome,” said Phil Bentley, British Gas managing director. This comes after rival supplier Scottish and Southern Electric (SSE) announced that it would push up its prices by an average of 9% from 15 October. According to price comparison website uSwit…

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British holidaymakers are clueless over the reality of high credit card charges

Holidaymakers who don’t fully understand the charges involved in using a credit or debit card could risk falling into debt. Over half (54%) of those polled recently by Money Supermarket are not aware of the immediate interest which is applied when using a credit card to withdraw cash from an ATM machine abroad. Every year, Britons spend a staggering £10.2 billion on their credit or debit cards and the interest involved could be significant. Some 52% of UK travellers have used their credit card abroad with 22% doing so in the last 12 months. The research found that a staggering 57% of those wh…

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