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.
Car scrappage allowance could become a goldmine
It has been revealed that only days after the UK government announced an allowance programme for those scrapping older cars there are a significant number of loopholes in the proposals. Apparently, cars which are no longer roadworthy and effectively "off road" can still be traded in with the owners receiving upwards of £1000 for the vehicle.
There are concerns that the allowance be...
Oil Moves Back Over $140
As concerns build over the potential for trouble in the Middle East the price of oil has again pushed higher, now over $140 a barrel. While there are some in the market who feel that the supply and demand ratio will see the price drift back as economies slow, other believe that the faster growth of the developing nations such as China and India will more than makeup for any slowdown in other econ...Read More
UK government forced to redraft Digital Economy Bill
The UK government has been forced into an embarrassing U-turn amid signs that the Digital Economy Bill, which has attracted so much controversy, would have been blocked in Parliament in its current form. This comes despite the fact that the UK government only days ago confirmed plans to rush through the Digital Economy Bill with little or no time for discussion, ahead of the next general election....Read More
How Many Hours Do You Work for a New TV?
There are probably not one or two ideas that will bring large savings on expenditure but by a combination of smaller cash saving ideas where significant overall savings can be made on month by month expenses.
One excellent way to avoid unnecessary spending is to carefully consider each expense before taking the plunge. Often people will just consider how much they "need" a plasma T...
Thousands facing the threat of fuel poverty
Even though there are signs that the UK economy is starting to stabilise, hundreds of thousands of homes across the UK are either in fuel poverty or very much on the borderline. Fuel poverty is a situation where a household spends in excess of 10% of overall income on energy costs, something which has hit around 4 million homes in England already.
While the UK government claims to h...