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Report calls to restrict payday loan adverts

Almost three quarters (74%) of parents want payday loan companies to be banned from broadcasting television and radio adverts before the 9pm watershed, according to a new study.

Report calls to restrict payday loan adverts Credit: PA

The research found that over one third (34%) of children find the adverts to be fun, tempting or exciting, and this group were significantly more likely to say they would consider using a payday loan in the future.

The statistics form part of a report by The Children's Society which calls for restrictions on loan advertising to join those already in place to protect children from adverts for gambling, alcohol, tobacco and junk food.

An economic upturn ‘won’t help low paid’

Britain’s return to economic growth does not automatically mean the lowest paid workers will see their salaries rise, the former head of the commission responsible for the minimum wage has said.

Re-establish link between wages and GDP, says former Low Pay chief Credit: PA

Amid speculation that Ed Miliband will use his Labour conference speech to call for a dramatic hike in the minimum wage, Sir George Bain, the former chairman of the Low Pay Commission, said the Government must act to increase salaries to help five million people on low pay.

Writing in the Independent,Sir George said: “(Bank of England Governor) Mark Carney told the TUC conference that, as productivity increases, Britain will finally get a pay rise. Yet history tells us this is not always the case.

"In both Britain and the US the link between the growth of wages and GDP has weakened over the past few decades. In particular, there is a need to ensure that the lowest paid are benefiting as the economy recovers.”

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Energy review 'will provide opportunity to rebuild trust'

A wide-ranging review into the UK's energy market will provide "an opportunity to rebuild trust" between consumers and providers, Energy minister Amber Rudd has said.

I want an energy market that works for consumers first. That is why the Competition and Markets Authority has been asked to undertake the most far-reaching independent inquiry into the market. This will provide an opportunity to rebuild trust in the sector.

– Amber Rudd

Which?: Four in 10 'worried about cost of winter fuel'

A large minority of energy customers are becoming increasingly concerned about the cost of their energy bills as winter looms, with 41% saying they worry about how to heat their home later in the year.

According to a poll from Which? of the 2,106 adults they quizzed:

  • A dwindling number of energy consumers trust their supplier to charge them a fair price, with only 18% saying they trust their supplier.
  • One quarter (26%) said they did not know whether they could afford to heat their home this winter.
  • Only 24% believed that competition between energy companies currently drove down prices for consumers.

One in five customers 'trust' energy companies

Which? launched their fair energy deal after the poll was published. Credit: PA

Only one in five customers trust their energy supplier to charge them a fair price, a consumer watchdog has found.

The Which? poll showed a "shocking" lack of trust in companies like nPower and EDF, as only 18% of consumers trusted their supplier to charge them a fair price for the power they used.

More than half (54%) said they found it difficult to compare costs between companies.

However, one quarter (26%) rated their supplier for charging them a fair price.

Which? called for simpler tariffs alongside a "credible, independent benchmark" or a "price to beat" set by regulator Ofgem in order to restore consumer trust in energy companies.

Watchdog launches campaign for 'fair' energy prices

New Which? research has revealed a shocking lack of trust in energy companies as they launch a new campaign calling for fair energy prices.

Latest research reveals just one in five people trust energy suppliers Credit: PA

The consumer watchdog has launched a campaign calling for "fair " energy prices after the poll found just one in five people trusted suppliers' charging prices.

Which? has called for simpler tariffs alongside a "credible, independent benchmark" or a "price to beat" set by regulator Ofgem against which consumers could compare costs.

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Salmond hits out at 'Treasury leak' over flight of banks

Scotland's First Minister Alex Salmond has accused the UK Government of "scaremongering" over the possible flight of businesses to England in the event of a Yes vote.

He told BBC Radio Scotland that a source "within the Treasury" had leaked information about RBS and other banks making contingency plans to move operations south.

He said the official announcements later issued by the banks "makes clear there's no impact on operations or jobs".

He also told reporters there would be an "inevitable investigation" into the leaking of "market sensitive information".

Lloyds to move HQ out of Scotland if yes vote

Lloyds Banking Group has confirmed it would move its headquarters out of Scotland in the event of a Yes vote in the referendum.

Currently their headquarters are in Edinburgh but the bank has confirmed it would move them south to London.

Ferrari chairman set for £21.5 million payout

Ferrari chairman Luca Cordero di Montezemolo will leave in October. Credit: PA Wire

Ferrari chairman Luca Cordero di Montezemolo will receive a staggering payoff of nearly £27 million euros (£21.5 million) after he leaves the sports car manufacturer.

Montezemolo clashed with Marchionne over strategy and the F1 team's poor results Credit: PA Wire

Montezemolo will be replaced by Fiat boss Sergio Marchionne after the pair clashed over strategy and the Ferrari F1 team's poor results.

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