The Competition and Markets Authority has ruled the lack of competition in the payday loans sector:
- Could be responsible for adding £5-£10 to the average cost of a payday loan
- This is relative to a typical loan of £260 taken out for just over three weeks
- A typical customer (who takes out six loans a year) could save £30-£60 per year
- The gap between the cheapest and most expensive deals for a month-long £100 loan is more than £30
More top news
A shock election result has triggered fears of instability in the West African country causing the immediate evacuation of holidaymakers.
The four-year-old was fed drugs by her mother and her partner for up to six months before her death.
Martin Gallagher was in Euston station when he saw Grace Georgina crying - she had lost her ticket and was unable to get home to Liverpool.