Finance

Shocking news has emerged via a study that has found the shocking situation NHS workers have found themselves in. The study, by Unison, discovered that nurses are using food banks and applying for pay day loans just to get through the month, until the next pay day. The trade union said that years of pay freezes has left NHS staff without the funds to make ends meet. The survey of 21,000 workers found that one in ten had to pawn...

Recent research has found that people in their 30s are half as wealthy as those in their 40s when they were the same age, signalling a drop in wealth levels. This has made it harder to afford houses, led to lower pension levels and made it harder to save up. In the short term at the very least, Brexit is also set to force down the standard of living for most people as huge drops in £GBP is leading to...

49% are given no information on their energy supplier at the start of their tenancy. 18% of renters miss out on huge savings available by switching. 12% think landlords are responsible for shopping around for a better deal, even when the tenant pays the bill. MoneySuperMarket urges renters to take control wherever possible and switch for savings of up to £359 per household. UK renters1 are missing out on savings worth over £1 billion2 collectively on their energy bills, because...

A senior city worker is facing a jail term after sexually assaulting two women at the company’s main office, during drinking sessions described as “Wolf of Wall Street-style.” Anthony Constantinou, head of financial group Capital World Markets (CWM), treated one of his victims "like a piece of meat". The 34-year-old pushed a lump of hot wasabi paste in her mouth, and told her she had a "cracking a*** and pair of t****" before forcing his tongue into her mouth. He...

It’s estimated that 4 in 10 adults in the UK have less than £500 in their savings account and around 28% of adults have nothing saved for a rainy day! That’s why PayPlan has created an interactive journey entitled “One Unfortunate Week” designed to raise awareness of the importance of a savings buffer. The piece puts you in the shoes of the average Brit, five days before payday and subjected to some of the worst luck you have ever seen,...

The digital world is not a safe place and a huge increase in scams and online attacks, show that financial fraud in the first half of 2016 increased 25 per cent to £399.5 million. The figures were released by Financial Fraud Action (FFA UK) today and the sums of money that are being swindled on a daily basis, on-line, are astonishing. However, the amount of money that is actually attempted to be stolen is much larger. On-line security systems at...

Sterling slumped to a 168-low last night selling at $1.2117 in late US trading. According to a trade-weighted index measuring sterling against a basket of its trading peers, the pound has now slumped to its lowest on record, even stretching beyond the introduction of free-floating exchange rates in the 1970s, according to data compiled by the Bank of England reported in the Financial Times. The pound’s effective exchange rate slipped to lows of 29.27 on Tuesday – weaker than the depths...

As our smartphones continue to get more sophisticated, so does the way we put them to use, they have become bespoke life tools and for many this includes using them to prosper. Making money using a smartphone is currently a hot topic online and throughout the wider media and so here we look at how your smartphone could be your greatest financial tool.   Online Trading Platforms Trading stocks and shares on the world's financial markets is exciting and can...

There are 53,000 super wealthy people in the UK who are in the prestigious top 0.1 per cent of earners. These are people who make more money in a month than most make in a number of years. Probably a nice place to be, if you are part of this elite group. However, for everyone else these super rich people live in a world we can only imagine, and it is also a male dominated social strata. A report by...