The Financial Conduct Authority has announced plans to impose a price cap on payday lenders from January 2015.
The FCA confirmed earlier this year it planned to cap the total cost of credit for all payday loan firms from early next year following pressure from the Government.
More top news
The department store chain said nearly 400 jobs would be lost as it grapples with the pressures facing the retail sector.
Consumer prices have rocketed by 58% since 2003, with the UK industry paying the biggest bills in Europe.
Friday will be a much calmer day for many, with the weather set to remain dryer with sunny periods and much lighter winds than on Thursday.