Technology is revolutionising all sectors of life, finance and employment are no exceptions. In these articles we look at the impacts on finance in the recruitment sector.
PPI Complaint Firms Switching to Payday Loan Sector
Customers are claiming they were mis-sold the loans themselves, rather than any Payment Protection Insurance connected to them, so this loophole may allow those claims companies to switch tack and go after the payday loan firms.format_align_left Read Article
UK Households Are Being Overcharged by £250 Million On Energy Costs
Energy regulator Ofgem (Office of Gas and Electricity Markets) has warned that consumers are being overcharged by a quarter of a billion pound each year on prepay meters and has called on energy suppliers to do more to correct the anomaly.format_align_left Read Article
Children from poorer backgrounds more likely to be unemployed, says study
New research has found that youngsters who grew up in poverty are less likely to be able to find jobs than their peers with equivalent qualifications. The study from charity group Impetus revealed that children from more affluent backgrounds were 50% more likely to be employed or in education than poorer children with the same qualifications. They believe this is due to what they describe as a “youth jobs gap”.format_align_left Read Article
Could the government be about to introduce zero interest loans?
Prior to the Autumn Budget, Philip Hammond revealed that the government was considering the introduction of zero interest loans. A measure designed to help the 3 million people caught in a poverty cycle, those on a low income would be able to borrow money without ending up in vast amounts of debt.format_align_left Read Article
Effects of financial stress hits UK workers
Britain currently has the lowest rates of unemployment seen in the country in 40 years but despite this, there’s mass financial stress. Many workers find it hard to get from one payday to the next, running out of money for essentials mid-month.format_align_left Read Article
Payday lender slammed for using Brexit to scaremonger customers into loans
Just when you think you’ve heard everything possible about Brexit, here’s another story to add to the collection. Payday lender, Peachy, has been scolded by the ASA (Advertising Standards Authority) for one of its adverts which used the political situation to scare people into applying.format_align_left Read Article