British Gas looks to direct debits
British Gas has announced plans to substantially increase the number of its customers paying their bills by direct debit.The energy supplier is looking to take advantage of the one-day postal strike by Royal Mail staff by highlighting the benefits of paying by direct debit rather than having to rely on the post.British Gas is intending to see a ninefold increase in the number of its customers who pay online or by direct debit by the end of the decade.That would see the number of customers paying online or by direct debit increase to 4.5 million by 2010 and British Gas believes that the postal strike offers the firm an ideal opportunity to kick off that campaign.It has been suggested that the one-day strike will lead to postal problems for several months as workers have to work through the backlog of post.
Share this..
Related stories
General Motors on the verge of bankruptcy
It has been revealed that General Motors, the US car giant, is on the verge of bankruptcy as the fight over the company's European operations reaches fever pitch. The European Commission is central to the distribution of the various European arms of the business which have been put up for sale as part of an ongoing financial restructuring. However, with Germany the base for over 50% of GM Europe t...
Read MoreHouse prices continue to rise
The cost of buying a house in the UK is continuing it’s steady rise, at the fastest rate since 2010. Nationwide building society reported that house prices rose by 0.3pc in the month of June, and is rising at an annual rate of 1.9pc on average. Again the Funding for Lending scheme launched by the Government last year has been accredited with helping the market pick up. The scheme makes c...
Read MoreIs the UK economy at the mercy of overseas central banks?
It is no secret that Gordon Brown has been touring the world over the last few months to try and bring together various governments and central banks to refloat the worldwide economy. As the UK government debt moves towards the £1 trillion level there is a feeling that the UK has limited funding available to make any real difference in the short term. In many ways the plight of the UK is linked v...
Read MoreTesco shares lose another 15pc as profit warning is issued
09/12/2014 The financial pressure has been piled higher on the UK’s largest supermarket chain Tesco, as it was revealed share prices have slumped by a further 15 per cent. For the third time in a matter of months the supermarket giant issued a profit warning, downgrading its estimate from its previous forecast, and in turn knocking value from the companies share prices. Tesco made a report...
Read MoreFSA issues stringent stress tests for financial companies
The Financial Services Authority (FSA) has this week "beefed up" plans for stress tests within the UK financial arena. Even though large scale changes to the way in which banks are "tested" have already been implemented, the FSA is now looking towards something known as "reverse stress testing". So what exactly is this and what impact will it have on the financial markets of the UK? Initial ind...
Read More