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 hikes prices by 9.2pc
17/10/2013 Prime Minister, David Cameron, has urged consumers to switch energy supplier, after British Gas announced a price hike of 9.2pc in a move the PM has described as “disappointing”. It is thought the move will add an extra £120 per year onto the average bill, making it the most expensive energy tariff ever seen in the UK, and that around 8.4million people will be affected. Th...Read More
Alex Salmond hails Scottish Green Revolution
Alex Salmond, the leader of the Scottish Parliament, has today issued a very upbeat statement in relation to green technology and green energy in Scotland. He believes that Scotland could be self-sufficient purely and simply through green energy by 2025 even though a number of his detractors believe this is an unachievable target. However, a number of prominent names in the energy industry believe...Read More
One million customers overcharged for energy
27/11/2014 Over one million customers who have a pre-paid meter have been overcharged by their energy companies because their meter is faulty, Energy UK has revealed. The industry body has revealed that roughly 1.5 million energy meters have not been working properly since they were installed. This has been going on for seven years for some customers who had their meter installed in 2007....Read More
Cabinet ministers embarrassed by expense leaks
As the Labour government appears to be lurching from one disaster to another there have been a number of damaging expenses leaks in relation to Cabinet Minister spending. It is reported that a number of senior ministers and the Prime Minister have made a variety of expense claims which while perfectly legal and within the regulations will cause outrage amongst UK voters.
Personal bankruptcy is set to soar
As the UK housing market comes under more and more pressure we are seeing an increase in personal bankruptcy with a number of homeowners literally walking away from their debts and declaring themselves bankrupt. As we have covered the last few days, over 40,000 people were evicted from their homes in 2008 and this figure is expected to mushroom in 2009.
This has led to something of...