Finance

Citizens Advice is helping someone with bailiff-related problems every three minutes as many in Britain finds itself descending into poverty with no lifeline in sight. UK households have fallen behind on essential bills such as council tax and electricity by as much as £18.9 billion, according to the independent charity, with total debts of almost £7.5 billion in tax credit overpayments, £2.84 billion in council tax and £2.2 billion in water bills. The damning report shows that household debt has...

Action Fraud reported more than 200 scams in June and July where victims lost an average of £10,000 trading in the digital currency - using social media and cold calls.

The influence of machine learning, a strand of artificial intelligence (AI), is spreading through various industries. Over three-quarters of businesses are now pouring money into "big data", setting the stage for machine learning to grow much further in reach over the next few years.

The financial services industry must “unite and fight” against a no-deal Brexit that potentially erodes clients’ rights and damages the financial sector itself, warns the boss of one of the world’s largest independent financial services organisations. The warning from deVere Group founder and CEO, Nigel Green, comes as the UK's International Trade Secretary, Liam Fox, said that Britain should accept a ‘no-deal’ scenario, instead of requesting more negotiating time. It also follows MPs being told earlier this week by the Association of British Insurers that...

Foreign exchange bureaus at one of Britain's busiest airports were offering just €0.89 for each pound today ahead of the big summer getaway. With schools across the country set to close for the holidays in the coming week the pound to euro exchange rate hit one of the lowest rates ever seen. The pound fell below $1.30 on Thursday - its lowest level since September last year -after a surprise fall in retail sales in June, confounding expectations of an increase....

The Government’s refusal to change its position on monthly calculations for Universal Credit payments will continue to unfairly punish the self-employed, IPSE (the Association of Independent Professionals and the Self-Employed) said today. The Government ruled out making changes to the system of monthly calculations in its response released today to the Work and Pensions Committee ‘Universal Credit for the Self-Employed’ report. IPSE’s Policy Development Manager, Jordan Marshall, comments:“It is disappointing that the Government hasn’t listened to the repeated warnings of industry, trade...

Gone are the days of carriage clocks, uncomfortable presentations and a pat on the back as you clear out your desk at age 60 or 65. Retirement at a certain age is no longer a foregone conclusion (if it ever was). These days, people can retire at any age, but many keep working into their 70s and even beyond. Is there really a right time to retire? Let’s take a look at retirement through the ages and some of the...

A new study has revealed buyer's remorse is becoming increasingly prominent as cashed-strapped Brits are forced to dip into their savings for extravagant buys. Clothes, a car – and engagement rings are among the purchases Brits have bought but later regretted, A poll of 5,000 adults found. More than half have dipped into their savings to splurge on an extravagant buy but ended up wishing they hadn’t. And almost one in ten even admitted regretting their purchase within minutes of...

Amazon.com is a mammoth company with $571 billion as market cap. On S&P 500, its shares are the 4th largest and still going persistently. Below are good reasons why Amazon shares are good as long-term investment. Amazon is piloted by its founder Amazon was launched on 1994 by CEO Jeff Bezos. He is very passionate about his company and obviously takes good care of its performance than non-founder CEO’s can. Surveys have studied that companies led by founders have a...