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.
Will the recession change UK consumers forever?
When the boss of supermarket chain ASDA suggests that the UK consumer of today is about to change forever maybe it is time to wake up and listen. There would appear to be a number of arguments in favour of this view as consumers look to take advantage of more and more discounts on the high street and become more aggressive in their spending habits. Historically the UK has been fairly expensive com...Read More
Is obesity really costing the UK economy billions of pounds a year?
Junk food and convenience foods are coming under serious attack from many different parties as the obesity crisis in the UK continues to develop. While many may not realise, the obesity crisis costs the UK billions of pounds a year not least through the increased cost to the NHS.
Medical considerations as well as the ever increasing cost to the UK economy are behind a new move by th...
Morrisons cut petrol prices to below 90p a litre
News that Morrisons, the leading UK supermarket chain, will be reducing the price of petrol on company forecourts has caught the eye of many today. As of today the price will be a fraction below 90p a litre in response to the recent collapse of the oil price. The oil price current stands at around about $50 a barrel which is a massive fall from the earlier $150 a barrel.
UK government plans to hit illegal downloaders
The UK government has announced plans to shakeup the UK online arena with a crackdown on those convicted of illegal downloads, a move which would see their broadband limited if they continue to offend after being warned. This is an issue which has been ongoing for some time and is central to the UK music industry where allegedly billions upon billions of pounds are being lost due to illegal file s...Read More
Is Wind Power Just A Fad?
News that Danish Group Vestas is looking to close down its wind turbine factory in Scotland has brought the subject of wind power back into the public domain. The Scottish government have been very vocal in their support of the wind power industry but this blow together with news that the UK government will not give wind turbine owners reduced rates for using the National Grid has knocked them fo...Read More