Contactless payment systems on the way
From next year supermarkets customers in the UK will be able to pay for their goods via a contactless payment system with the Co-op the latest major UK supermarket to sign up to the program. These cards, which are issued by Barclaycard and Visa, simply allow customers to pass their card across a sensor which will take their details and automatically deduct money from their accounts. No PIN numbers will be required for sales under £15 although sales in excess of this figure will need to go through the "normal channels".
It will be interesting to see how the public react to these contactless payment systems because ultimately, as with the Oyster card on the London Underground, they are commonplace in other areas of the UK economy. It will also be interesting to see whether the growing number of supermarkets currently looking to sign up to the system will push other retailers towards this efficient and relatively cheap, at least for retailers, payment system.
We have seen the introduction of various contactless payment systems in the past although many of these have fallen by the wayside due to a lack of public confidence. Whether this particular move, backed by Barclaycard and Visa, is different remains to be seen.
British Gas doubles boiler scrappage scheme offer
Despite the fact that the UK government has introduced a boiler scrappage scheme which will see up to £400 off the cost of a new boiler system, British Gas has gone one better by matching the UK government's offer. So in effect, British Gas customers could be in for a £800 reduction on the cost of a new boiler simply by scrapping their old and potentially inefficient boiler for a more up-to-date...Read More
Slop buckets for your home - Whatever next?
The UK government has today released plans for the weekly collection of waste food throughout the UK through the use of so called 'slop buckets'. So not only have many local council's taken away weekly rubbish collections but they now expect families to live for one week at a time with a bucket of waste food awaiting collection. Who ever thought up this crazy scheme?
Is it time to review the Barnett formula?
The so called Barnett formula has been a thorn in the side of many governments in Westminster as it has attracted real anger from many of the population who live in England. Despite being the main contributor to UK Plc and raising the most taxes across England, Scotland, Wales and Northern Ireland, the payment per head of population from the central government pot leaves England bottom of the pil...Read More
Sainsbury's surprises on the upside
Half-year profits from supermarket giant Sainsbury's today surprised many analysts with pre-tax profits for the period up to £342 million from £258 million during the corresponding period last year. The company also announced sales growth of 3.7% to £11.15 billion however, when excluding fuel sales this figure is a very impressive 7.9% and reflects the growing status which Sainsbury's has in th...Read More
Plumbing company targeting elderly and vulnerable
08/01/2014 Boilershield- now known as Kwik Fix Plumbers- have been fined for cold calling vulnerable people, many of who were registered with the Telephone Preference Service. The information Commissioner’s Office (ICO) decided to fine the company after it was revealed many of the phone calls were made to elderly people with dementia, who ended up paying for insurance they did not need. M...Read More