Scrooge retailers have been accused of targeting hard-up shoppers with Christmas deals charging up to 119 per cent APR. Stores and online traders have festive loans and store cards with eye-watering interest rates. Rent-to-own chain BrightHouse has deals on toys, TVs and electricals with interest rates as high as 69.9 per cent a year. So a £384.64 Apple iPad is £561.60 if spread over two years. Perfect Home has a PS4 bundle at £399 – but it rises to £810.16 over two years at 119.9 per cent interest. Online fashion retailer Very.co.uk has a “pay later” rate of 39.9 per cent, so a North Face Himalayan windstopper at £439 costs £539.55 over 12 months. Littlewoods, whose online ads are fronted by Love Island winner Amber Gill, has a leather biker jacket for £350 but it will cost £440.82 over 12 months at a rate of 44.9 per cent. Critics accused retailers of luring shoppers into deals that could put them in debt for months or years … [Read more...] about Retailers ‘luring’ shoppers into Christmas deals with eye-watering interest rates
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A blaze which ripped through student flats has triggered calls for similar cladding to be stripped from ‘hundreds of buildings’. Residents of The Cube, a private apartment block in Bolton, fled in their pyjamas as flames tore through the six-storey building on Friday night. Two were injured and one had to be rescued by firemen. The fire is thought to have started on the fourth floor before spreading rapidly across the cladding – believed to be a type of high pressure laminate (HPL), made from wood pulp, banned in new buildings. A blaze which ripped through student flats in Bolton has triggered calls for similar cladding to be stripped from ‘hundreds of buildings’ Residents of The Cube, a private apartment block in Bolton, fled in their pyjamas as flames tore through the six-storey building on Friday night. Pictured: Firefighters examine cladding at the scene The fire is thought to have started on the fourth floor before spreading rapidly across the … [Read more...] about Call to strip cladding from hundreds more tower blocks after horrifying fire at student flats in Bolton
Boris Johnson will today promise to overhaul business rates and slash taxes on firms in a lifeline for the High Street. The Prime Minister says his package of cuts will help companies to ‘make the most of Brexit’. His Government will commit to launching a fundamental review at its first Budget to reduce the burden of business rates. The current rates system, which is based on the estimated rental value of a property, has been blamed for pushing retailers across the country to breaking point. Boris Johnson will today promise to overhaul business rates and slash taxes on firms in a lifeline for the High Street. Pictured: Mr Johnson visits the Gurdwara Sri Guru Sabha Sikh Temple in Southall, London, yesterday Many shops are hit with crippling bills on their properties while having to compete with online rivals that pay much less. Mr Johnson’s announcement is a victory for the Daily Mail’s Save Our High Streets campaign for a level playing field between … [Read more...] about Boris Johnson plans to overhaul business rates in boost for struggling High Street retailers
Canberra has been rated as Australia's best place to live. The national capital had the highest liveability score for the third year running in the REA Group's annual Life In Australia Index report. The city scored 62.3 out of 100 as a good place to live, putting it above the national average of 59.3. Canberra (pictured) has been rated as Australia's best place to live despite being a two-hour drive from the beach. The national capital had the highest liveability score for the third year running in the REA Group's Life In Australia Index report Australia's biggest cities, hampered by overcrowding, were rated as less liveable places, with Melbourne getting a score of 58.9 while Sydney did even worse at 58.4. Melbourne fared poorly for safety while Sydney was marked down for having unaffordable housing. RELATED ARTICLES Previous 1 Next Why aren't the politicians listening? Newspoll shows eight... How a Labor victory will spark a short-term BOOM in property... … [Read more...] about Why CANBERRA is Australia’s best city: Capital is named the most ‘liveable’ place in the country – and there’s bad news if you’re from Melbourne or Sydney
The Bank of England’s interest-rate setters are expected to vote on Thursday to raise the cost of borrowing for only the second time since the 2008 crash. Most City analysts agree: the Bank’s base rate will rise from 0.5% to 0.75%. That said, we’ve been here before. Mortgage borrowers were told in February that a rate rise was imminent and were guided by governor Mark Carney to pencil in the May meeting of the monetary policy committee (MPC) as decision day. Then, in March, the “beast from the east” arrived, and the snow and wind forced large parts of the construction industry and the population at large to down tools. Carney said a delay was needed while the Bank assessed the damage to the economy. August became the next moment for a rate rise. He earned the sobriquet “unreliable boyfriend” for his trouble – an accusation first levelled at the Bank back in 2014. The only other rise since 2008 happened in November 2017, when the Bank … [Read more...] about Is this the week when UK interest rates might finally rise above 0.5%?