Mastercard bans a conversion con on its prepaid cards which strips millions of pounds a year from British travellers Tourists are routinely offered a chance to pay in their ‘home’ currency This process is called ‘dynamic currency conversion’ Such conversion rates are expensive, as the Mail on Sunday warned last week By Laura Shannon, Financial … Read more
MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more
Consumer experts are calling for a ban on ‘dual pricing’ in the insurance market to end widespread discrimination against loyal customers. They call recent initiatives by a handful of insurance giants aimed at improving the lot of long-standing customers as ‘gimmicks’ that do not go far enough. Andrew Hagger, of financial consultancy MoneyComms, says: ‘Recent … Read more
Although I normally have little time for the pontifications of the Organisation for Economic Co-operation and Development, its latest report on the financial health of this country’s middle class is required reading. It’s pretty grim stuff, certainly not a Lynda La Plante page turner. But at the very least it should provide a wake-up call … Read more
All too easy: The banks are relentlessly pursuing an agenda to take us away from using cash but it doesn’t work for everyone Slowly but surely, like a Number 9 bus, we are moving towards a cashless society where plastic and payment apps rule. Move over bank and building society branches run by tellers with friendly … Read more
The picturesque market town of Hebden Bridge is just one of the many communities across Britain fearful of being pushed towards a cashless society. Situated eight miles west of Halifax, this West Yorkshire town is an artistic hub with more than 20 independent coffee houses and cafes – as well as dozens of boutique shops … Read more
Stagecoach mulls a takeover of the UK’s largest bus operator Arriva after it goes up for sale City sources said Stagecoach is interested in buying Arriva’s bus business Arriva has been put up for sale by German Transport giant Deutsche Bahn It operates more than 5,000 buses in Britain and has divisions across Europe By … Read more
Ford told to ‘come clean’ over factory closures and the future of its British operations as it faces pressure to cut costs in Europe By William Turvill, Financial Mail On Sunday Published: 21:49 BST, 13 April 2019 | Updated: 11:06 BST, 14 April 2019 Unions are calling on Ford to ‘come clean’ over the future … Read more
Optimistic: Former Asda boss Andy Bond now runs more than 2,000 discount stores Every week it seems Britain’s high streets edge closer to extinction. Over the past seven days alone, Debenhams has crashed into administration and new figures revealed we have almost 2,500 fewer stores than last year. No wonder speaking to most retail bosses … Read more
Mike Ashley ally Crispin Odey ‘made £30m after shorting Debenhams stock’ before chain’s crash Odey previously backed the Sports Direct boss in boardroom disputes City sources say he made £30m shorting Debenhams stock before it crashed The short is likely to have contributed to Odey’s strong performance By Ben Harrington, Financial Mail on Sunday Published: … Read more