One in every three small and mid-sized firms using government scheme to furlough most staff but only one in 50 have been able to get cash from emergency loan programme A third of firms said between 75% and 100% of their staff had been furloughed The Coronavirus Business Interruption Loan Scheme was begun on March … Read more
Some of the best interest-free credit card offers around have been cut or removed from sale over the last month, as lenders evaluate their offers amid the economic crisis caused by coronavirus. Barclaycard and Tesco Bank have reduced 0 per cent balance transfer and purchase credit card terms throughout March and early April, while Sainsbury’s … Read more
Volvo has become to first car maker to start fitting all of its new models with speed limiters, This is Money can reveal – two years ahead of the market-wide requirement for the safety systems. The Swedish auto brand announced in March 2019 that it would be fitting limiters to all new models in 2020 … Read more
Only a third of people in low income household with consumer debt have enough spare cash for an emergency, a new study has found. The Resolution Foundation says that consumer debt among poorer households has risen the fastest among any income group, with the proportion rising by nine percentage points. This group has become more exposed … Read more
Tests of infotainment systems in the latest cars from 20 different manufacturers have revealed which of the devices are most and least distracting. Around one in seven accidents on the road are caused by motorists being distracted and a quarter of all deaths are due to drivers not being focused on the road, according to … Read more
Confident house sellers are attempting to reap the rewards of a ‘Boris Bounce’ as they push average property asking prices back to near their all-time high. The average newly-listed home price rose £2,589 in the month to mid-February, or 0.8 per cent, to £309,399 – just £40 below the previous record high reached in June 2018. … Read more
We’ve brought you many stories of barn-find classic cars that have been rediscovered after spending decades in storage in forgotten locations – but rarely do we get to show you what happens to them after they’ve been located. In this case, we can. That’s because this 1964 Jaguar E-Type Series 1 3.8 Fixed Head Coupe, … Read more
Millions of households owed BILLIONS after overpaying energy firms: As the coronavirus economic impact bites, here’s how to reclaim the money… The amount people are in credit by is up by £230m – equivalent to 13.5% People are encouraged to claim the money back if they are in need of funds We reveal how you … Read more
The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more
Metro Bank froze my business account without explanation and won’t tell me when it plans to give me back access. I have been unable to use the account for more than four months. I contacted the Financial Ombudsman Service, which has so far failed to look into my case. I discovered the problem when direct … Read more