BT increases cost of phone calls
Families and businesses around the UK are today looking at a 10% increase in the cost of telephone calls due to inflation busting price rises by BT. It has been revealed that the minimum cost of a standard call using the BT network will be 17.3p after taking into account connection charges and call rate increases. So why has BT decided to increase charges?
The company recently underwent a review of its pricing structure and has decided to increase charges to cover costs and put the company in better shape when it leaves the recession. While there are ways and means of reducing BT bills from today's inflation busting figures, via signing up for inclusive packages and paying one year's line rental up front, these are options not open to everybody.
The company has begun writing to its 12.5 million customers to explain why prices have risen and exactly what this means to their particular payment plans. Whether this will play into the hands of competing telecom provides in the UK remains to be seen but a 10% increase in charges at this stage of the economic cycle is not what consumers and businesses would have expected.
UK holiday sector under pressure after collapse of Freedom Direct Holidays
The UK holiday sector is again hitting the headlines with news of the collapse of Newcastle-based Freedom Direct Holidays. The company currently has 200 customers on holiday and 9000 holidays booked for the future. Under the ATOL compensation scheme, those who have booked package holidays with the company will be compensated. However, those who have booked up with other tour operators, via the Fr...Read More
Pawnbroking back in vogue
Pawnbrokers in the UK are this year reporting a massive increase in profitability with the UK's largest pawnbroker, H&T Group, reporting six monthly profits of £14.5 million. While much of the increased profitability in the sector can be put down to the rising price of gold and the margin which pawnbrokers have been able to secure for themselves when "recycling" this gold, there has also been an...Read More
Government looking to increase ID card use
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Is the alternative energy market dead?
News that Shell has finally pulled out of its last remaining wind farm operation in the UK has concerned many environmentalists who are very concerned at this new direction. While the Shell investment was sold to a third party who will continue the venture we are seeing more and more alternative energy operations fold, sold or being put on hold. So has the momentum been lost?
Online fraud nearly doubles in just 12 months!
If ever there was a sign that we are in real trouble with worldwide economies it is the massive growth in online fraud as more and more people throw their common sense out of the window and chase an array of free money, gifts and other such prizes. Online crime is a relatively risk free operation as it can often be impossible to find the perpetrators who could literally be on the other side of th...Read More